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UCITS scheme

  1. (a) an authorised fund21 whose instrument constituting the scheme contains a statement that it is a UCITS scheme; or2121
    1. (b) 21an21 umbrella that is a UCITS scheme21 each of whose sub-funds would be a UCITS scheme21 if it had a separate authorisation order;13

    unless:

    1. (c) the scheme raises capital without promoting the sale of its units to the public within the EEA or any part of it; or
    2. (d) the scheme's units under its trust deed or its instrument constituting the scheme, may be sold only to the public in non-EEA States. 13