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The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996
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- UK Statutory Instruments
- 1996 No. 2827
- PART III
- Shares
- Regulation 42
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Bearer shares
42. An investment company with variable capital may, if its instrument of incorporation so provides, issue shares (“bearer shares”) evidenced by a share certificate, or by any other documentary evidence of title for which provision is made in the instrument of incorporation, which indicates—
(a)that the holder of the document is entitled to the shares specified in it; and
(b)that no entry will be made on the register of shareholders identifying the holder of those shares.
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