
1 
These Regulations may be cited as the Public Offers of Securities (Exemptions) Regulations 2001 and come into force on the twenty first day after the Regulations are laid before Parliament.
2 
In Schedule 11 to the Financial Services and Markets Act 2000—
(a) in paragraph 2(1)(a), for “24” substitute “24A”, and
(b) after paragraph 24 insert—“
24A 
The securities are units (as defined by section 237(2)) in a collective investment scheme.”.
Tony McNulty
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd August 2001