PART IISubordinate Legislation
The Uncertificated Securities Regulations 1995 (S.I. 1995/3272)
12.—(1) The Uncertificated Securities Regulations 1995 are amended as follows.
(2) In regulation 3(1) (interpretation)—
(a)for “the 1986 Act”, substitute “the Financial Services and Markets Act 2000”;
(b)in the definition of “unit of security”—
(i)for “investment company with variable capital” substitute “open-ended investment company”;
(ii)for the references to the “Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996” substitute “the Open-Ended Investment Companies Regulations 2001”.
(3) In regulation 19(9) (entries on registers), for “investment company with variable capital (within the meaning of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996)” substitute “open-ended investment company (within the meaning of the Open-Ended Investment Companies Regulations 2001)”.