{
  "url": "https://openlegislation.uk/common-investment-scheme-1991/schedule-1/paragraph-8",
  "json_url": "https://openlegislation.uk/common-investment-scheme-1991/schedule-1/paragraph-8.json",
  "legislation": "uksi/1991/1209",
  "legislation_title": "The Common Investment Scheme 1991",
  "legislation_url": "https://openlegislation.uk/common-investment-scheme-1991",
  "path": "schedule/1/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "(1) The investment manager may determine, without regard to any rule of law applicable to trust funds, whether any special dividend, bonus issue of shares, cash or other property received by him in respect of property comprised in the fund shall be treated as income or as capital or shall be apportioned, and, if so, in what proportions, between income and capital.\n(2) The investment manager may withhold income of the fund from distribution with a view to avoiding fluctuations in the amounts distributed.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "added",
      "affecting": "uksi/1999/551",
      "affecting_title": "The Common Investment (Amendment) Scheme 1999"
    },
    {
      "type": "am (heading am)",
      "affecting": "uksi/2003/778",
      "affecting_title": "The Common Investment (Closure of High Yield Fund) Scheme 2003"
    },
    {
      "type": "am",
      "affecting": "uksi/2003/778",
      "affecting_title": "The Common Investment (Closure of High Yield Fund) Scheme 2003"
    },
    {
      "type": "rev in pt",
      "affecting": "uksi/2003/778",
      "affecting_title": "The Common Investment (Closure of High Yield Fund) Scheme 2003"
    },
    {
      "type": "am",
      "affecting": "uksi/2003/778",
      "affecting_title": "The Common Investment (Closure of High Yield Fund) Scheme 2003"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/1209/schedule/1/paragraph/8",
    "retrieved_at": "2026-10-29T14:44:08.145813+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}