The Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996

has the meaning given in regulation 31(1) below;

has the meaning given in regulation 60(1)(a) below;

means an order made by SIB under regulation 9 below;

has the meaning given in regulation 42 below;

includes any material which contains information.

has the meaning given in regulation 3(2) below;

has the meaning given in regulation 39(5) below;

means the notification in the Gazette by virtue of paragraph 6 of Schedule 1 to these Regulations of any document containing the information referred to in paragraph (1) above and “officially notified” shall be construed accordingly.

has the meaning given in regulation 6(2) below;

means a purchaser in good faith for valuable consideration and includes a lessee, mortgagee or other person who for valuable consideration acquires an interest in property.

means the register kept under paragraph 1(1) of Schedule 4 to these Regulations;

means the Secretary of State or SIB and, in relation to any investigation carried out by an inspector, means the person who appointed the inspector in question.

means any provision of—

has the meaning given in regulation 40(1) below;

means the body known as the Securities and Investments Board;

has the meaning given in regulation 39(5) below;

means the Companies Act 1985;

means the Financial Services Act 1986;

includes any act;

has the meaning given in paragraph 5(3) of Schedule 5 to these Regulations;

has the same meaning as in the UCITS Directive;

means an investment company with variable capital whose instrument of incorporation provides for such pooling as is mentioned in subsection (3)(a) of section 75 of the 1986 Act (collective investment schemes: interpretation) in relation to separate parts of the scheme property and whose shareholders are entitled to exchange rights in one part for rights in another;

has the same meaning as in the Uncertificated Securities Regulations 1995.