- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
21.—(1) An open-ended investment company must give written notice to the Authority of —
(a)any proposed alteration to the company’s instrument of incorporation;
(b)any proposed alteration to the company’s prospectus which, if made, would be significant;
(c)any proposed reconstruction or amalgamation involving the company;
(d)any proposal to wind up the affairs of the company otherwise than by the court;
(e)any proposal to replace a director of the company, to appoint any additional director or to decrease the number of directors in post; and
(f)any proposal to replace the depositary of the company.
(2) Any notice given under paragraph (1)(a) must be accompanied by a certificate signed by a solicitor to the effect that the change in question will not affect the compliance of the instrument of incorporation with Schedule 2 to these Regulations and with such of the requirements of FSA rules as relate to the contents of that instrument.
(3) Effect must not be given to any proposal falling within paragraph (1) unless—
(a)the Authority, by written notice, has given its approval to the proposal; or
(b)one month, beginning with the date on which notice of the proposal was given, has expired without the company or the depositary having received from the Authority a warning notice under regulation 22 in respect of the proposal.
(4) No change falling within paragraph (1)(e) may be made if any of the requirements set out in regulation 15(4) to (7) and (8)(f) would not be satisfied if the change were made and no change falling within paragraph (1)(f) may be made if any of the requirements in regulation 15(8) would not be satisfied if the change were made.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: