The Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001

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The Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001

Statutory Instruments

FINANCIAL SERVICES AND MARKETS

Made

19 th March 2001

Laid before Parliament

19 th March 2001

Coming into force in accordance with article 1

The Treasury in the exercise of the powers conferred on them by section 238(6) and (7) of the Financial Services and Markets Act 2000(1) and of all other powers enabling them in that behalf hereby make the following Order:—

PART IGENERAL AND INTERPRETATION

Citation and commencement

1.—(1) This Order may be cited as the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001.

(2) This Order comes into force on the day on which section 19 of the Act comes into force.

Interpretation: general

2.—(1) In this Order—

“the Act” means the Financial Services and Markets Act 2000;

“authorised unit trust scheme” has the meaning given by section 237 of the Act;

“close relative”, in relation to a person means—

his spouse;

his children and step-children, his parents and step-parents, his brothers and sisters and his step-brothers and step-sisters; and

the spouse of any person within sub-paragraph (b);

“overseas scheme” means an unregulated scheme which is operated and managed in a country or territory outside the United Kingdom;

“publication” means—

a newspaper, journal, magazine or other periodical publication;

a web site;

any programme forming part of a service consisting of the broadcast or transmission of television or radio programmes; and

any teletext service, that is to say a service consisting of television transmissions consisting of a succession of visual displays (with or without accompanying sound) capable of being selected and held for separate viewing or other use;

“qualifying contract of insurance” has the meaning given in the Regulated Activities Order;

“the Regulated Activities Order” means the F...

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