simplified prospectus scheme
means:
- (a) a UCITS scheme that is not a recognised scheme under section 264 of the Act (Schemes constituted in other EEA States); or
- (b) a key features scheme for which an election that is permitted by COB 6.2.22 R (2) (Key features schemes) has been made;4032
40 whether or not the units are held within a PEP, ISA or personal pension scheme.