247 Trust scheme rules
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

Rules

247  Trust scheme rules

(1)     The [FCA] may make rules (“trust scheme rules”) as to—

(a)     the constitution, management and operation of authorised unit trust schemes;

(b)     the powers, duties, rights and liabilities of the manager and trustee of any such scheme;

(c)     the rights and duties of the participants in any such scheme; and

(d)     the winding up of any such scheme.

(2)     Trust scheme rules may, in particular, make provision—

(a)     as to the issue and redemption of the units

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