PART II SPECIFIED ACTIVITIES
Chapter XCollective Investment ...
The activities
F1Acting as trustee or depositary of a UCITS51ZB.
(1)
Acting as—
(a)
the trustee of an authorised unit trust scheme, or
(b)
the depositary of an open-ended investment company or authorised contractual scheme,
where the scheme or company is a UCITS, is a specified kind of activity.
(2)
In paragraph (1), “authorised contractual scheme”, “authorised unit trust scheme”, “trustee” and “depositary” have the meanings given by section 237 of the Act (other definitions).