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The Bearer Certificates (Collective Investment Schemes) Regulations 2020
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Bearer Certificates (Collective Investment Schemes) Regulations 2020 No. 1346
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8.—(1) The operator of a collective investment scheme which is not an open-ended investment company may convert or cancel bearer units on or before 1 January 2022 in accordance with this Part.
(2) This Part applies as if it were contained within Part 17 of the Financial Services and Markets Act 2000 (“Part 17”) and accordingly-
(a)words and expressions used in Part 17 have the same meaning when used in this Part; and
(b)references in this Part to particular sections and their associated subsections are references to the relevant provisions of Part 17.
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