799.This schedule effectively deals with authorisation of collective investment schemes in two circumstances:
	first, it affords authorisation to incoming passporters under the relevant directives, and
	second, it deals with authorisation for certain types of oeic. The Treasury may prescribe additional conditions for qualification for automatic authorisation. A person who is authorised under this Schedule has permission to carry on regulated activities in connection with the scheme of which he is the operator or depositary.
Schedule 5: Persons Concerned in Collective Investment Schemes