# The Personal Equity Plan (Amendment) Regulations 1988, Regulation 3: Amendment to the Principal Regulations — definitions


In regulation 2(1) for sub-paragraph (b) there shall be substituted —
“(b) “authorised unit trust” means a unit trust scheme in the case of which an order under section 78 of the Financial Services Act 1986 is in force and which is an authorised securities scheme within the meaning of the Authorised Unit Trust Scheme (Investment and Borrowing Powers) Regulations 1988;
“unit holder” means a person entitled to a share of the investments subject to the trusts of a unit trust scheme;
“unit trust scheme” has the same meaning as in section 469 of the Income and Corporation Taxes Act 1988;
and references to a “unit” include references to a fraction of a unit.”

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Source: https://www.legislation.gov.uk/uksi/1988/657/regulation/3 (the official version)
Page: https://openlegislation.uk/personal-equity-plan-amendment-regulations-1988/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.