http://www.legislation.gov.uk/uksi/2001/1228/regulation/48/made
The Open-Ended Investment Companies Regulations 2001
Business practice and regulation
Mergers
Regulation and deregulation
Legislation
King's Printer of Acts of Parliament
2017-06-07
FINANCIAL SERVICES AND MARKETS
These Regulations are made under section 262 of the Financial Services and Markets Act 2000. They make provision for facilitating the carrying on of collective investment by means of open-ended investment companies and regulate such companies.
PART IIICORPORATE CODE
Shares
Bearer shares48
An open-ended investment company 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 its 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.