# The Common Investment Scheme 1991, Section 2


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.

---
Source: https://www.legislation.gov.uk/uksi/1991/1209/section/2 (the official version)
Page: https://openlegislation.uk/common-investment-scheme-1991/section-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.