(1) Acting as -
(a) the trustee of an authorised unit trust scheme, or
(b) the depositary of an open-ended investment company or authorised contractual scheme,
where the scheme or company is a UK UCITS, is a specified kind of activity.
(2) In paragraph (1), "authorised contractual scheme", "authorised unit trust scheme", "trustee" and "depositary" have the meanings given by section 237 of the Act (other definitions).