OpenLegislation

Section 2 Interpretation

Original text. Later amendments are not shown.

(1)

In this Scheme—

  • “accounting date” means 28th February and 31st August in each year;

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

  • “the Board” means the Lord Chancellor’s Strategic Investment Board;

  • “dividend date” means 10th April and 12th October in each year;

  • “fund” means the Capital Fund referred to in paragraph 3;

  • “unit” means a share in the fund;

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

(2)

Where in any year an accounting date or a dividend date falls on a Saturday, Sunday, bank holiday or Good Friday, the accounting date or dividend date is taken to be the next business day.