Regulation 52 Unit trusts

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

reg.52 renumbered (as reg.52(1)) by Insurance Companies 1996 reg.7(2)
reg.52(1) amended by Insurance Companies 1996 reg.7(3)
reg.52(1) rev.in pt. by Insurance Companies 1996 reg.7(4)
reg.52(1)(c)(iv) revoked by Insurance Companies 1996 reg.7(4)
reg.52(2)(3) added by Insurance Companies 1996 reg.7(5)

The value of any holding of units, or other beneficial interest, under an authorised unit trust scheme or a recognised scheme within the meaning of the Financial Services Act 1986 shall be the price at which the managers under the scheme would purchase the holding of units or other beneficial interest if required to do so.