PART III CORPORATE CODE

Reports

Reports: preparation66

1

The directors of an open-ended investment company must—

a

prepare a report (“annual report") for each annual accounting period of the company; and

b

subject to paragraph (2), prepare a report (“half-yearly report") for each half-yearly accounting period of the company.

2

Where a company’s first annual accounting period is a period of less than 12 months, a half-yearly report need not be prepared for any part of that period.

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4

Nothing in this regulation or in regulation 67 prejudices the generality of regulation 6(1).

5

In this regulation any reference to annual and half-yearly accounting periods of a company is a reference to those periods as determined in relation to that company in accordance with F2FCA rules.