Financial Services and Markets Act 2000

140 Restriction on managers of [F1certain collective investment schemes].U.K.

[F2(1)The Authority may make rules prohibiting an authorised person who has permission to act as—

(a)the manager of an authorised unit trust scheme, or

(b)the management company of an authorised UCITS open-ended investment company, from carrying on a specified activity.]

(2)Such rules may specify an activity which is not a regulated activity.

[F3(3)In this section—

(a)“authorised UCITS open-ended investment company” means an authorised open-ended investment company to which the UCITS directive applies; and

(b)“management company” has the meaning given by Article 1a.2 of the UCITS directive.]