lexiara

(g)

‘collective investment undertaking other than the closed-end type’ means unit trusts and investment companies: the object of which is the collective investment of capital provided by the public, and which operate on the principle of risk spreading; and the units of which are, at the request of the holder of such units, repurchased or redeemed, directly or indirectly, out of the assets of those undertakings;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.