OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Open-Ended Investment Companies Regulations 2001 (S.I. 2001/1228) (the “principal Regulations”) to allow open-ended investment companies to dispense with the holding of annual general meetings. They also make other, consequential, amendments to the principal Regulations.

They also vary the type of notice that the Financial Services Authority (“FSA”) must give in a case where it decides, following the issue of a warning notice, to approve the appointment of a director etc, and remove the requirement for the FSA to publish certain notifications in the London and Edinburgh Gazettes.