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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)