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  4. Point in time
    2020-10-01

authorisation order

4an order made by the FCA 189 :

  1. (a) in relation to an AUT under section 243 of the Act (Authorisation orders);
  2. (b) in relation to an ICVC under regulation 14 of the OEIC Regulations (Authorisation);
  3. (c) in relation to an ACS under section 261D of the Act (Authorisation orders);95

as a result of which the AUT or ACS95 becomes authorised or the body becomes incorporated as an ICVC under regulation 3 of the OEIC Regulations (Open-ended investment company); or an AUT, ACS or ICVC becomes declared a money market fund149.