# Prevention of Fraud (Investments) Act 1958, Paragraph 2


For regulating the mode of execution and the issue of unit certificates, and, in particular, for securing that no unit certificate shall be executed or issued in respect of rights or interests in any property until steps have been taken, to the satisfaction of the trustee, to secure that the property will be vested in him or, subject to any prescribed conditions, in a nominee for him approved by the Board of Trade.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/6-7/45/schedule/FIRST/paragraph/2 (the official version)
Page: https://openlegislation.uk/prevention-of-fraud-investments-act-1958/schedule-FIRST/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.