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The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996
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Pension Schemes Act 1993 (c. 48)
25. In section 38(6) (permitted forms for appropriate schemes), after paragraph (c) there shall be inserted the following paragraph—
“(d)an investment company with variable capital within the meaning of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996.”.
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