The Bearer Certificates (Collective Investment Schemes) Regulations 2020

1. Introductory Text

2. 1. Citation, commencement and extent

3. 2. Bearer shares, and other bearer units, in collective investment schemes

4. 3. In the Open-Ended Investment Companies Regulations 2001, in regulation 48...

5. 4. Transitional provision

6. Signature

7. 1. SCHEDULE

      TRANSITIONAL PROVISION

      1. PART 1 CONVERSION AND CANCELLATION OF EXISTING BEARER SHARES IN OPEN-ENDED INVESTMENT COMPANIES ON OR BEFORE 1 JANUARY 2022

         1. 1. (1) An open-ended investment company may convert or cancel bearer...

         2. Meaning of “outstanding bearer share” and “the surrender year”

            1. 2. In this Part— “outstanding bearer share” means a bearer share...

         3. Right to convert bearer share to registered share

            1. 3. (1) Sub-paragraphs (2) and (3) apply where, at a time...

         4. Cancellation of bearer shares held by the designated person

            1. 4. Where the bearer of any outstanding bearer shares is the...

         5. Payment of dividends and other distributions during the surrender year

            1. 5. (1) A dividend or other distribution paid in the surrender...

         6. Cancellation of bearer shares still held at the end of the surrender year

            1. 6. (1) Where a person is the bearer of an outstanding...

         7. Notifications

            1. 7. (1) This paragraph applies to an open-ended investment company if,...

      2. PART 2 CONVERSION AND CANCELLATION OF EXISTING BEARER UNITS IN OTHER COLLECTIVE INVESTMENT SCHEMES ON OR BEFORE 1 JANUARY 2022

         1. 8. (1) The operator of a collective investment scheme which is...

         2. General definitions

            1. 9. In this Part— “the Gazette” means— as respects companies registered...

         3. Right to convert bearer unit to registered unit

            1. 10. (1) Subparagraphs (2) and (3) apply where, at a time...

         4. Cancellation of bearer units held by the operator of the scheme

            1. 11. Where the bearer of any outstanding bearer units is the...

         5. Payment of dividends and other distributions during the surrender year

            1. 12. (1) A dividend or other distribution paid in the surrender...

         6. Cancellation of bearer units still held at the end of the surrender year

            1. 13. (1) Where a person is the bearer of an outstanding...

         7. Right to amend governing documents

            1. 14. The operator of a scheme may amend any provision which...

         8. Notifications

            1. 15. (1) This paragraph applies to the operator of a scheme...

8. Explanatory Note