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Regulation 18 Exceptions from regulation 17

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Notwithstanding the provisions of regulation 17—

(a)

up to 10% in value of the property of an authorised securities scheme which is not a Government and other public securities fund may consist of transferable securities other than Government and other public securities issued by the same issuer provided that the total value of such transferable securities included in the property of the scheme does not exceed 40% in value of the property of the scheme; and

(b)

up to 35% in value of the property of an authorised securities scheme which is not a Government and other public securities fund may be invested in Government and other public securities issued by the same issuer.