Section 271B(3)

In this section— “comparable authorised schemes” means whichever of the following the Treasury consider to be the most appropriate— authorised unit trust schemes; authorised contractual schemes which are co-ownership schemes; authorised contractual schemes which are partnership schemes; authorised open-ended investment companies; any two or more of the kinds of collective investment scheme mentioned in paragraphs (a) to (d); “participants” means participants in the United Kingdom.

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