835Power to extend provisions relating to investment companies
This section has no associated Explanatory Notes
(1)The Secretary of State may by regulations extend the provisions of sections 832 to 834 (distributions by investment companies out of accumulated profits), with or without modifications, to other companies whose principal business consists of investing their funds in securities, land or other assets with the aim of spreading investment risk and giving their members the benefit of the results of the management of the assets.
(2)Regulations under this section are subject to affirmative resolution procedure.