Regulation 7 Duties of manager and trustee in the event of other breaches of investment limits

If, at any time, the property of a scheme is invested in contravention of these Regulations otherwise than in a case to which regulation 5(4) applies or by virtue of circumstances of the kind described in regulation 6, the manager shall, forthwith upon becoming aware of the contravention, take such steps as are necessary to ensure that the property of the scheme is invested in a manner which complies with these Regulations.

Forthwith upon the trustee becoming aware that circumstances of the kind described in paragraph (1) have arisen, he shall take such steps as are necessary to ensure that the manager fulfils the duty imposed on him by that paragraph.