1996 No. 2827

FINANCIAL SERVICES

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

Made

Coming into force

Whereas the Treasury are a government department designated1 for the purposes of section 2(2) of the European Communities Act 19722 in relation to measures relating to open-ended collective investment schemes which have as their purpose investment in transferable securities, with the aim of spreading investment risk, of funds raised from the public;

And whereas a draft of these Regulations has been approved by a resolution of each House of Parliament pursuant to section 2(2) of, and paragraph 2(2) of Schedule 2 to, that Act;

Now therefore the Treasury in exercise of the powers conferred on them by section 2(2) of that Act and of all other powers enabling them in that behalf hereby make the following Regulations:—