http://www.legislation.gov.uk/uksi/2001/1228/regulation/50/2001-09-03
The Open-Ended Investment Companies Regulations 2001
text
text/xml
en
Statute Law Database
FINANCIAL SERVICES AND MARKETS
2022-10-06
2001-09-03
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 III CORPORATE CODE
Shares
Power to close register50
1
Subject to paragraph (2), an open-ended investment company may, on giving notice by advertisement in a national newspaper circulating in all the countries in which shares in the company are sold, close the register of shareholders for any time or times not exceeding, in the whole, 30 days in each year.
2
Paragraph (1) has effect—
a
in the case of a company which is a participating issuer, subject to regulation 22 of the Uncertificated Securities Regulations 1995 M1 (consent of Operator of system required to close register) and to any requirements contained in FSA rules, in so far as such requirements are not inconsistent with that regulation; and
b
in the case of any other company, subject to any requirements contained in FSA rules.