# The Open-Ended Investment Companies (Amendment) Regulations 2011, Regulation 8: Number of employees of anauthorised corporate director

Extent: E+W+S+N.I.

For the purposes of these Regulations, the number of employees of an authorised corporate director is calculated as follows—
TH/37.5
where TH is the total number of hours per week for which all the employees of the authorised corporate director are contracted to work.

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Source: https://www.legislation.gov.uk/uksi/2011/3049/regulation/8 (the official version)
Page: https://openlegislation.uk/open-ended-investment-companies-amendment-regulations-2011/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.