Regulation 5 Amendments to the principal Regulations
In regulation 5(5)f1—
in sub-paragraph (a)—
for the words “an authorised unit trust” there shall be substituted the words “a securities fund”;
after the words “shares in” there shall be inserted the words “a securities company or”;
for sub-paragraph (b) there shall be substituted—
“(b)in units in a securities fund or a fund of funds or in shares in a securities company or an investment trust which does not satisfy the relevant condition specified in regulation 6(3), but satisfies that condition as modified by regulation 6(5), provided that immediately after such an investment is made the total market value of plan investments in such securities funds, funds of funds, securities companies and investment trusts does not exceed one quarter of the market value of the portfolio.”