Paragraph 24

In the Open-Ended Investment Companies Regulations 2001—

(a)

in regulation 2(1), the definitions of “certificated form”, “participating issuer”, “participating security”, “uncertificated form” and “uncertificated unit of a security” shall be omitted;

(b)

for regulation 50(2) there shall be substituted—

“(2)

Paragraph (1) has effect subject to any requirements contained in FSA rules.”; and

(c)

in paragraph 2(1) of Schedule 3, the words “Subject to sub-paragraph (2)” shall be omitted.