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Division 9 ExpiryF1

United Kingdom Repealed

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Union contribution allocated to the Equity Instrument shall be reimbursed to the relevant fiduciary account as investments are exited or otherwise mature. The fiduciary account shall maintain sufficient funding to cover fees or risks related to the Equity Instrument until its expiry.

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Textual amendments

F1

Regulation revoked (31.12.2020) by The Connecting Europe Facility (Revocation) (EU Exit) Regulations 2019 (S.I. 2019/477), reg. 1(2), Sch. (with reg. 3) (as amended by S.I. 2020/786, regs. 1(2)(b)(i), 5); 2020 c. 1, Sch. 5 para. 1(1)