Statutory Instrument 1988 No. 2015
The Financial Services (Designated Countries and Territories) (Overseas Collective Investment Schemes) Order 1988
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1988 No. 2015
FINANCIAL SERVICES
The Financial Services (Designated Countries and Territories) (Overseas Collective Investment Schemes) Order 1988
| Laid before Parliament | 21st November 1988 |
| Coming into force | 12th December 1988 |
Whereas the Secretary of State is satisfied that the law under which collective investment schemes of the classes specified in this Order are authorised and supervised in the Isle of Man affords to investors in the United Kingdom protection at least equivalent to that provided for them by the provisions of Chapter VIII of Part I of the Financial Services Act 1986[1] in the case of an authorised unit trust scheme:
Now, therefore, the Secretary of State in exercise of the powers conferred on him by section 87 of the Financial Services Act 1986 and of all other powers enabling him in that behalf hereby makes the following Order—
1. This Order may be cited as the Financial Services (Designated Countries and Territories) (Overseas Collective Investment Schemes) Order 1988 and shall come into force on 12th December 1988.
2. The Isle of Man is designated for the purposes of section 87 of the Financial Services Act 1986 in respect of any collective investment scheme managed in and authorised under the law of the Isle of Man which is a scheme of a class specified in the Schedule to this Order.
Francis Maude
Parliamentary Under Secretary of State, Department of Trade and Industry
17th November 1988
Notes:[1] 1986 c. 60.
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