SCHEDULE 6 MERGERS AND DIVISIONS

4

1

The schemes falling within this paragraph are—

a

any scheme under which the undertaking, property and liabilities of an open-ended investment company are to be transferred to another such company, other than one formed for the purpose of, or in connection with the scheme;

b

any scheme under which the undertaking, property and liabilities of two or more bodies corporate, each of which is either—

i

an open-ended investment company; or

ii

a public company,

are to be transferred to an open-ended investment company formed for the purpose of, or in connection with, the scheme;

c

any scheme under which the undertaking, property and liabilities of an open-ended investment company or a public company are to be divided among and transferred to two or more open-ended investment companies whether or not formed for the purpose of, or in connection with, the scheme.

2

Nothing in this Schedule is to be taken as enabling the court to sanction a scheme under which the whole or any part of the undertaking, property or liabilities of an open-ended investment company may be transferred to any person other than another such company.