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Section 2

Original text. Later amendments are not shown.

In this Scheme, unless the context otherwise requires—

  • “accounting date” and “dividend date” mean the dates respectively specified in Schedule 2 in relation to each fund;

  • “the Act” means the Administration of Justice Act 1982;

  • “the Committee” means the Lord Chancellor’s Investment Advisory Committee;

  • “fund” means a common investment fund;

  • “Funds Rules” means rules made under section 38(7) of the Act;

  • “unit” means a share in a fund;

  • “valuation day” means a day appointed by the investment manager in accordance with paragraph 3(2) of Schedule 1 for the valuation of a fund.