# The Friendly Societies (Long Term Insurance Business) Regulations 1987, 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 or the Prevention of Fraud (Investments) Act (Northern Ireland) 1940 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.

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Source: https://www.legislation.gov.uk/uksi/1987/2132/regulation/40 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.