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SCHEDULE 9AMENDMENTS OF FINANCIAL SERVICES ACT

Collective investment schemes

24.  Section 75 of the Act(1) (collective investment schemes: interpretation) shall have effect as if the reference in subsection (6) to an authorised person included a reference to a European institution carrying on home-regulated investment business in the United Kingdom.

25.  Section 76 of the Act (restrictions on promotion) shall have effect as if any reference to an authorised person included a reference to a European institution carrying on home-regulated investment business in the United Kingdom.

26.  Section 93 of the Act (applications to the court) shall have effect as if the reference in subsection (1) to an authorised person included a reference to a European institution.

(1)

Section 75 has been amended by the Financial Services Act 1986 (Restriction of Scope of Act and meaning of Collective Investment Scheme) Order 1990 (S.I.1990/349).