Regulation 40 Unit trusts

The value of any holding of units, or other beneficial interest, under a unit trust scheme authorised for the purposes of the Prevention of Fraud (Investments) Act 1958^f1 or the Prevention of Fraud (Investments) Act (Northern Ireland) 1940^f2 shall be the price at which the managers under the unit trust scheme would purchase the holding of units or other beneficial interest if required to do so.