Power to close register
This section has no associated Explanatory Memorandum
50.—(1) Subject to paragraph (2), an open-ended investment company 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 subject to any requirements contained in FSA rules.