This Scheme provides for the merger of one of the three common investment funds under section 42 of the Administration of Justice Act 1982 (the Gross Income Fund) into one of the remaining funds (the High Yield Fund) and makes consequential amendments to the Common Investment Scheme 1991.
The Common Investment (Amendment) Scheme 1999
The Common Investment Scheme 2004
para 7
Ending of Gross Income Fund6
On the effective date the events set out in paragraph 7 shall take place.