permitted scheme interests
- 59(a) 122[deleted]122
- (b) in respect of a firm's business with linked policyholders122 any of the following:
- (i) an authorised fund;
- (ii) a recognised scheme;
- (iii) a 63scheme falling within the UCITS Directive;63
- (iv) a non-UCITS retail scheme;
- (v) a qualified investor scheme or its EEA equivalent or any unregulated collective investment scheme that invests only in permitted links and publishes its prices regularly, provided that no more than 20% of the gross assets of the linked fund are so invested.