(1) If, on an application under section [242(1)(a)] in respect of a unit trust scheme, the [FCA]—
(a) is satisfied that the scheme complies with the requirements set out in this section,
(b) is satisfied that the scheme complies with the requirements of the trust scheme rules, and
(c) has been provided with a copy of the trust deed and a certificate signed by a solicitor to the effect that it complies with such of the requirements of this section or those rules as relate to its contents,
the [FCA] may make an order declaring the scheme to be an authorised unit trust scheme.
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