24. In the Open-Ended Investment Companies Regulations 2001—U.K.
(a)in regulation 2(1), the definitions of “certificated form”, “participating issuer”, “participating security”, “uncertificated form” and “uncertificated unit of a security” shall be omitted;
(b)for regulation 50(2) there shall be substituted—
“(2) Paragraph (1) has effect subject to any requirements contained in FSA rules.”; and
(c)in paragraph 2(1) of Schedule 3, the words “Subject to sub-paragraph (2)” shall be omitted.
Commencement Information
I1Sch. 7 para. 24 in force at 26.11.2001, see reg. 1