{
  "url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-24",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989/regulation-24.json",
  "legislation": "uksi/1989/28",
  "legislation_title": "The Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-single-property-schemes-exemption-regulations-1989",
  "path": "regulation/24",
  "kind": "regulation",
  "number": "24",
  "heading": "Convening of meetings",
  "text": "The terms of a scheme must provide that–\n(a) the trustee or operator, in the case of a trust based scheme, and the operator, in the case of a corporate based scheme, must–\n(i) be able to convene meetings of all participants at such time and place as may be thought fit; and\n(ii) be under an obligation, at the request in writing of participants holding not less than one-tenth (or any proportion less than one-tenth specified for this purpose in the documents constituting the scheme) in value of the units in issue, to convene a meeting of all participants at such time and place as may be thought fit;\n(b) at least two weeks written notice must be required to be given of every meeting;\n(c) the notice given must specify the time and place of the meeting and the general nature of the business to be transacted; and\n(d) the accidental omission to give notice to or the non-receipt of notice by any participant must not invalidate the proceedings at any meeting.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/28/regulation/24",
    "retrieved_at": "2026-10-29T15:51:28.444916+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}