832 Distributions by investment companies out of accumulated revenue profits
Companies Act 2006 (2006 c 46) | Legislation

Distributions by investment companies [or Solvency 2 insurance companies]

832  Distributions by investment companies out of accumulated revenue profits

(1)     An investment company may make a distribution out of its accumulated, realised revenue profits if the following conditions are met.

(2)     It may make such a distribution only if, and to the extent that, its accumulated, realised revenue profits, so far as not previously utilised by a distribution or capitalisation, exceed its accumulated revenue losses (whether realised or unrealised), so far as not previously written off in a

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