Regulation 7 Amendments to the Principal Regulations

In Regulation 29 after paragraph (1) there shall be inserted—

“(1A)

where under the terms of a plan a plan manager has discretion to purchase or sell investments he shall give to the plan investor once in every period of 6 months a statement in writing of his reasons for—

(a)

making a purchase or sale within, and

(b)

retaining any investment throughout,

the period.”.