The Act
Part 5 – Application of Act to Certain Persons and Bodies
Section 46 – Open-ended investment companies
124.Section 46 confers a power on the Scottish Ministers to make, by regulations, further provision to ensure that the LBTT provisions apply to open-ended investment companies (OEICs) in the same way as they apply to unit trust schemes. Such regulations will be subject to the negative procedure (see section 68).
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