# The Open-Ended Investment Companies Regulations 2001, Regulation 11B: Cross sub-fund investment


Notwithstanding section 658 of the Companies Act 2006 and any rule of law which prohibits or restricts a company from acquiring its own shares, an umbrella company may, for the account of any of its sub-funds, and in accordance with FCA rules, acquire by subscription or transfer for consideration, shares of any class or classes, however described, representing other sub-funds of the same umbrella company.

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Source: https://www.legislation.gov.uk/uksi/2001/1228/regulation/11B (the official version)
Page: https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-11B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.