{
  "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989.json",
  "id": "uksi/1989/28",
  "title": "The Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989",
  "short_title": "Financial Services Act 1986 (Single Property Schemes) (Exemption) 1989",
  "long_title": "These regulations make provision for exempting single property schemes (that is to say, schemes which have the characteristics described in section 76(6) of the Financial Services Act 1986 (“the Act”) and which satisfy the requirements specified in the regulations) from the restrictions on promotion of collective investment schemes imposed by section 76(1) of the Act.",
  "citation": "S.I. 1989/28",
  "type": "uksi",
  "year": "1989",
  "number": "28",
  "version": "current",
  "date": "1989-01-11",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 2,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Exemption from section 76(1) of Act",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Requirements as to interests to be held when scheme formally constituted",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Ability to alter terms of scheme",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-5",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/6",
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      "heading": "Requirements as to form of scheme",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-6",
      "extent": null,
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    },
    {
      "path": "regulation/7",
      "kind": "regulation",
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      "heading": "Ability to call on participants for contributions",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-7",
      "extent": null,
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      "parent": null
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Requirements as to land and buildings",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Requirements as to distribution of income",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-9",
      "extent": null,
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    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Corporate based schemes: requirements as to winding-up",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-10",
      "extent": null,
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    {
      "path": "regulation/11",
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      "heading": "Trust based schemes: requirements as to termination",
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    {
      "path": "regulation/12",
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      "heading": "Requirements concerning disposal of property",
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      "extent": null,
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    {
      "path": "regulation/13",
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      "heading": "Trust based schemes: retirement or replacement of trustee or operator",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-13",
      "extent": null,
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    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Pre-emption rights: trust based schemes",
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      "path": "regulation/15",
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      "heading": "Pre-emption rights: corporate based schemes",
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    {
      "path": "regulation/16",
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      "number": "16",
      "heading": "Trust based schemes: valuation of non-cash consideration",
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    {
      "path": "regulation/17",
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      "heading": "Valuation and report",
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      "extent": null,
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    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Application of regulations 16 and 17 to corporate based schemes",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-18",
      "extent": null,
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    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Requirements as to borrowing: corporate based schemes",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-19",
      "extent": null,
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    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Requirements as to borrowing: trust based schemes",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-20",
      "extent": null,
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    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Qualification of regulations 19 and 20",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-21",
      "extent": null,
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    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Matters requiring approval by meeting of participants",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-22",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Application of regulations 24 to 36 in case of corporate based schemes",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-23",
      "extent": null,
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    {
      "path": "regulation/24",
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      "number": "24",
      "heading": "Convening of meetings",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-24",
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    {
      "path": "regulation/25",
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      "number": "25",
      "heading": "Quorum",
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    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Chairman",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-26",
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    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Adjournment",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-27",
      "extent": null,
      "status": null,
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    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Votes at meetings",
      "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-28",
      "extent": null,
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    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Proxies",
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      "path": "regulation/30",
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      "heading": "Minutes",
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      "heading": "Transfer of units by act of parties",
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