INTERPRETATION (Hansard, 12 June 1986)

HC Deb 12 June 1986 vol 99 c597 597

§ Amendments made: No. 94, in page 47, line 37, leave out from 'provide' to 'for' in line 38.

§ No. 95, in page 47, line 40, after 'property', insert 'in question'.

§ No. 96, in page 47, line 42, leave out from 'unless' to 'the' in line 43.

§ No. 97, in page 48, line 25. leave out from 'arrangements' to 'of' in line 27 and insert— 'under which the rights or interests of the participants are investments falling within paragraph 5'.

§ No. 98, in page 48, line 41, after 'by', insert 'or on behalf of'.

§ No. 99, in page 49, line 2, leave out 'its management of those funds' and insert 'the management of those funds by or on behalf of that body'.

§ No. 100, in page 49, line 5, leave out from 'in' to end of line 12 and insert — 'or securities of that body which—

(i) the participants are entitled to have redeemed or repurchased by, or out of funds provided by, that body; or
(ii) the body ensures can be sold by the participants on an investment exchange at a price related to the value of the property to which they relate:.

§ No. 101, in page 49, line 12, at end insert— ' "trustee", in relation to a unit trust scheme, means the person holding the property in question on trust for the participants and, in relation to a collective investment scheme constituted under the law of a country or territory outside the United Kingdom, means any person who (whether or not under a trust) is entrusted with the custody of the property in question—[Mr. Howard.]