OPS activity
- (a) managing investments in a case where the assets managed are:
- (i) held for the purposes of an occupational pension scheme; or
- (ii) held for the purposes of a welfare trust established by a person who is, or has been at any time during the last 12 months, an associate of the OPS firm; or
- (iii) assets of an OPS collective investment scheme;
- (b) any one or more of the following activities undertaken in the course of, or incidental to, the operation of an occupational pension scheme, welfare trust or OPS collective investment scheme:
- (iii) arranging (bringing about) deals in investments;
- (vi) advising on investments;
- (vii) receiving or holding client money.4