Section 237(3)

In this Part— “an authorised unit trust scheme” means a unit trust scheme which is authorised for the purposes of this Act by an authorisation order in force under section 243; “an authorised contractual scheme” means a contractual scheme which is authorised for the purposes of this Act by an authorisation order in force under section 261D(1); “an authorised open-ended investment company” means a body incorporated by virtue of regulations under section 262 in respect of which an authorisation order is in force under any provision made in such regulations by virtue of subsection (2)(l) of that section; “the Collective Investment Schemes sourcebook” means the Collective Investment Schemes sourcebook made under this Act by the FCA, as it has effect on IP completion day; “EEA UCITS” means a UCITS which is authorised pursuant to Article 5 of the UCITS directive in an EEA State; ... “feeder UCITS” means— a UK UCITS which has been approved by the FCA to invest 85% or more of the total property which is subject to the collective investment scheme constituted by the UK UCITS in units of— another UK UCITS, a sub-fund of another UK UCITS, an EEA UCITS, or a sub-fund of an EEA UCITS, or a sub-fund of a UK UCITS which has been approved by the FCA to invest 85% or more of the sub-fund's separate pool of the property of the UK UCITS in units of— another UK UCITS, another sub-fund of a UK UCITS, an EEA UCITS, or a sub-fund of an EEA UCITS; “master UCITS”, in relation to a feeder UCITS, means (as the case may be)— the other UK UCITS mentioned in paragraph (a)(i) or (b)(i) of the definition of “feeder UCITS”, the EEA UCITS mentioned in paragraph (a)(iii) or (b)(iii) of that definition, or the sub-fund mentioned in paragraph (a)(ii) or (iv) or (b)(ii) or (iv) of that definition; “a recognised scheme” means a section 271A scheme or a scheme recognised under section ... 272 (and see also section 282C). “a section 271A scheme” means a scheme recognised under section 271A (and see also section 271S); ... “UCITS-related direct EU legislation” means— Commission Regulation (EU) 2010/583 of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards key investor information and conditions to be met when providing key investor information or the prospectus in a durable medium other than paper or by means of a website, or Commission Delegated Regulation (EU) 2016/438 of 17 December 2015 supplementing Directive 2009/65/EC of the European Parliament and of the Council with regard to obligations of depositaries; “UK UCITS” means a UCITS which is an authorised unit trust scheme , an authorised contractual scheme or an authorised open-ended investment company.

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Source: legislation.gov.uk · retrieved 2026-09-04