Amendment of regulation 64
In regulation 6 (further definitions generally relevant for authorised investment funds) after paragraph (6) insert—
7
In these Regulations “instrument constituting the fund” means—
a
in relation to an open-ended investment company, the instrument of incorporation, and
b
in relation to an authorised unit trust scheme, the trust deed.
8
In these Regulations “genuine diversity of ownership condition” has the meaning given by regulation 9A.