Section 237(6)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
The conditions are— that the scheme is a co-ownership scheme; that the arrangements constituting the scheme provide for such pooling as is mentioned in section 235(3)(a) in relation to separate parts of the property; and that the participants are entitled under the terms of the scheme to exchange rights in one part for rights in another.
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Source: legislation.gov.uk · retrieved 2026-09-04