(1) In Part 17 of the Financial Services and Markets Act 2000 (collective investment schemes), in section 237(3) -

(a) in the definition of "a recognised scheme", after "means" insert "a section 271A scheme or", and

(b) after that definition insert -

""a section 271A scheme" means a scheme recognised under section 271A (and see also section 271S);".

(2) In Schedule 9 -

(a) Part 1 inserts sections 271A to 271S (collective investment schemes authorised in approved countries or territories) in Chapter 5 of Part 17 of the Financial Services and Markets Act 2000 (recognised overseas schemes), and

(b) Part 2 contains minor and consequential amendments.