A1.154 Bodies of persons, unit trusts, etc
These definitions do not apply if the context otherwise requires.
'Authorised unit trust' is defined, as respects any period, as a unit trust scheme in respect of which an order under the Financial Services Act 2000 s 243 is in force during the whole or any part of that accounting period1.
'Body of persons' means any body politic, corporate or collegiate, and any company, fraternity, fellowship and society of persons, whether corporate or not corporate2. It does not include a partnership unless specifically declared to do so3, even though a Scottish partnership is a legal
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