262 Open-ended investment companies
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

Chapter IV
Open-ended Investment Companies

262  Open-ended investment companies

(1)     The Treasury may by regulations make provision for—

(a)     facilitating the carrying on of collective investment by means of open-ended investment companies;

(b)     regulating such companies.

(2)     The regulations may, in particular, make provision—

(a)     for the incorporation and registration in [the United Kingdom] of bodies corporate;

(b)     for a body incorporated by virtue of the regulations to take such form as may be determined in accordance with the regulations;

(c)     as to the purposes for which such a body may exist, the investments which it may issue and otherwise as to its constitution;

(d)     as to the management and operation of such

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice

LEXISNEXIS

Recklessness in criminal cases

Recklessness in criminal casesWhat is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House

LEXISNEXIS

False imprisonment

False imprisonmentLiabilityFalse imprisonment consists of the complete deprivation of liberty without a lawful basis. Claims will in practice be made against a public body that exercises detention powers, usually a local police force, the Secretary of State for the Home Department or the Secretary

LEXISNEXIS

Liquidated damages in construction contracts

Liquidated damages in construction contractsThis Practice Note explains what liquidated and ascertained damages (LADs/LDs) are and their purpose in a building contract. It considers the difference between liquidated damages and general (or unliquidated) damages and looks at the enforceability of