The Financial Services (Recognised Collective Investment Schemes from Other Member States) (Luxembourg) Order 1988

• Citation: S.I. 1988/2258
• Sections: 3

Section 1

This Order may be cited as the Financial Services (Recognised Collective Investment Schemes from Other Member States) (Luxembourg) Order 1988 and shall come into force on 31st December 1988.

Section 2

Collective investment schemes constituted in the Grand Duchy of Luxembourg which satisfy the requirements specified in article 3 of this Order shall be recognised schemes for the purposes of the Financial Services Act 1986.

Section 3

The requirements specified in this article are that the scheme—

(a) is an organisme de placement collectif en valeurs mobilières, within the meaning of the Law of the Grand Duchy of Luxembourg dated 30 March 1988 relating to undertakings for collective investment and is a scheme to which Part I of that Law applies and which has been authorised in pursuance of Chapter 13 of it; and

(b) has been issued with an attestation by the authority which is the supervisory authority for the purposes of that Law that it fulfils the conditions imposed by Part I of it.