Regulation 5 Maximum holding of bondsI1
United Kingdom
(1)
A person may not purchase a bond (or hold a bond purchased on that person’s behalf) if the total number of bond units which would be held in that event would—
(a)
on or before 31st May 2015, exceed 40,000; or
(b)
on or after 1st June 2015, exceed 50,000.
(2)
In calculating the total number of bond units which a person holds, a multiple bond must be counted as the number of units represented by the multiple bond.
Annotations
Commencement
- I1
Reg. 5 in force at 6.4.2015, see reg. 1(1)