# The Open-Ended Investment Companies (Amendment) Regulations 2011, Regulation 8: Number of employees of anauthorised corporate director


For the purposes of these Regulations, the number of employees of an authorised corporate director is calculated as follows—
TH/37.5
where TH is the total number of hours per week for which all the employees of the authorised corporate director are contracted to work.

---
Source: https://www.legislation.gov.uk/ukdsi/2011/9780111517239/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-open-ended-investment-companies-amendment-regulations-2011/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.