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).