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The Open-Ended Investment Companies Regulations 2001

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Changes over time for: Paragraph 6

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There are currently no known outstanding effects for the The Open-Ended Investment Companies Regulations 2001, Paragraph 6. Help about Changes to Legislation

6.—(1) [F1The provisions of the Companies Act 2006] referred to in paragraph 5 have effect with such modifications as are necessary or appropriate for the purposes of this Schedule.

(2) In particular, any reference in those provisions to [F2a merger by absorption, a merger by formation of a new company or a division] is to be taken to be a reference to a scheme falling within sub-paragraph (a), (b) or (c) of paragraph 4(1).

(3) Without prejudice to the generality of sub-paragraph (1), the following references in those provisions have effect as follows, unless the context otherwise requires—

(a)any reference to a scheme is to be taken to be a reference to a scheme falling within any of sub-paragraphs (a) to (c) of paragraph 4(1);

(b)any reference to a company is to be taken to be a reference to an open-ended investment company;

(c)any reference to members is to be taken to be a reference to shareholders of an open-ended investment company;

(d)any reference to the registered office of a company is to be taken to be a reference to the head office of an open-ended investment company;

(e)any reference to the F3... articles of a company is to be taken to be a reference to the instrument of incorporation of an open-ended investment company;

(f)any reference to a report under [F4section 593 of the 2006 Act (public company: valuation of non-cash consideration for shares)] is to be taken to be a reference to any report with respect to the valuation of any non-cash consideration given for shares in an open-ended investment company which may be required by [F5FCA rules];

(g)any reference to annual accounts is to be taken to be a reference to the accounts contained in the annual report of an open-ended investment company;

F6(h). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i)any reference to the requirements of [F7the Companies Act 2006] as to balance sheets forming part of a company’s annual accounts is to be taken to be a reference to any requirements arising by virtue of [F5FCA rules] as to balance sheets drawn up for the purposes of the accounts contained in the annual report of an open-ended investment company;

(j)any reference to paid up capital is to be taken to be a reference to the share capital of an open-ended investment company.

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