EBU Single Rulebook Q&A 15 August 2013 2013_164 Definition of financial customers in Article 411 (1) of CRR regarding corporate trusts with a single fixed individual beneficiary

Please provide a definition for: 1) 'Investment Scheme' 2) 'Non-open ended' In the context of 411 (1)(e). Corporate Trusts with a single fixed individual beneficiary. HSBC Holdings PLC Credit institution If a term is not defined in the Regulation, the Q&A instrument cannot be used to provide a formal, legal definition.