This order, which comes into force on 28 October 2016, amends the Financial Markets Conduct (Designation of Restricted Schemes) Order 2016 (the principal order).

The principal order designates a number of managed investment schemes to each be a particular type of scheme. This order adds designations for 2 further schemes in the Schedule of the principal order. This order also makes amendments to 2 of the designations in the Schedule of the principal order (by revoking the original scheme entry and re-inserting the scheme with a different designation).

The designations are made on the basis that the provider of each scheme has requested the designation, and on the basis that each scheme meets the requirements of sections 129 to 131 of the Financial Markets Conduct Act 2013.