Exempt charity status of common deposit and common investment funds
This section has no associated Explanatory Memorandum
17. The 1993 Act has effect as if the reference in section 24(8) of that Act to “a scheme which admits only exempt charities” were a reference to a scheme which admits—
(a)only exempt charities;
(b)only exempt charities and formerly exempt charities; or
(c)only formerly exempt charities.