Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997 No. 251

Statutory Rules of Northern Ireland

1997 No. 251

FINANCIAL SERVICES

Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997

Made

22nd May 1997

Coming into operation

7th July 1997

The Department of Economic Development being a department designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2) 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, in exercise of the powers conferred on it by that section and of every other power enabling it in that behalf, hereby makes the following Regulations:

(1)

See S.I. 1996/266

(2)

1972 c. 68. By virtue of the amendment of section 1(2) of the European Communities Act 1972 by section 1 of the European Economic Area Act 1993 (c. 51), regulations may be made under section 2(2) of the European Communities Act for the purpose of implementing rights, powers, liabilities, obligations and restrictions of the United Kingdom created or arising by or under the agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) as adjusted by the Protocol signed at Brussels on 17th March 1993 (Cm 2183)