CoACS to be institutional investors
2In Section 528 (conditions for company), in subsection (4A), after paragraph (b) insert—
“(ba)a person acting on behalf of an authorised contractual scheme (within the meaning given by section 237(3) of FISMA 2000) which is a co-ownership scheme (within the meaning given by section 235A of that Act) that meets the genuine diversity of ownership condition or the non-close condition;”.