Access to financial services markets

Collective investment schemes authorised in approved countries
24
1
In Part 17 of the Financial Services and Markets Act 2000 (collective investment schemes), in section 237(3)—
a
in the definition of “a recognised scheme”, after “means” insert “a section 271A scheme or”, and
b
after that definition insert—
- “a section 271A scheme” means a scheme recognised under section 271A (and see also section 271S);
.
2
In Schedule 9—
a
Part 1 inserts sections 271A to 271S (collective investment schemes authorised in approved countries or territories) in Chapter 5 of Part 17 of the Financial Services and Markets Act 2000 (recognised overseas schemes), and
b
Part 2 contains minor and consequential amendments.