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

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Power to close register

44.—(1) Subject as mentioned in paragraph (2), an investment company with variable capital may, on giving notice by advertisement in a national newspaper circulating in all the countries in which shares in the company are sold, close the register of shareholders for any time or times not exceeding in the whole 30 days in each year.

(2) Paragraph (1) has effect—

(a)in the case of a company which is a participating issuer, subject to regulation 22 of the Uncertificated Securities Regulations 1995(1) (consent of Operator of system required to close register) and to any requirement contained in SIB regulations, in so far as such requirements are not inconsistent with that regulation; and

(b)in the case of any other company, subject to any requirements contained in SIB regulations.

(1)

S.I. 1995/3272

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