Section 262AF | Co-ownership schemes: definitions relating to schemes

In sections 262AA to 262AE and this section—^F1F2F3

“co-ownership authorised contractual scheme” means a co-ownership scheme which is authorised for the purposes of the Financial Services and Markets Act 2000 by an authorisation order in force under section 261D(1) of that Act;

“co-ownership contractual scheme” means—

a co-ownership authorised contractual scheme, or

a Reserved Investor Fund (Contractual Scheme);

“co-ownership scheme” has the same meaning as in Part 17 of that Act (see section 235A(2) of that Act);

“operator” and “units”, in relation to a co-ownership ...contractual scheme, have the meanings given by section 237(2) of that Act;

“participant”, in relation to such a scheme, is to be read in accordance with section 235 of that Act.

“Reserved Investor Fund (Contractual Scheme)” has the meaning given by section 20 of F(No.2)A 2024;

“unauthorised co-ownership contractual scheme” means a co-ownership scheme which is not a co-ownership contractual scheme.