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Open-Ended Investment Companies (Amendment) Regulations 2008 |
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Written by Calum Haswell
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Wednesday, 03 December 2008 |
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This Draft Statutory Instrument makes provision to allow transfers of title to shares in Open-Ended Investment Companies (OEICs) to be made by electronic communication. The law currently requires a paper instrument of transfer. The Unit Trusts (Electronic Communications) Order 2008 makes the same amendment for transfer of title to units in authorised unit trusts (AUTs).
This Draft Statutory Instrument is available to view in full on the OPSI website.
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