Section 241A(3)

In this section “bearer units”, in relation to a collective investment scheme, means units in the scheme evidenced by a certificate, or any other documentary evidence of title, which indicates— that the holder of the document is entitled to the units specified in it; and that no entry identifying the holder of those units will be made in any register, or other record, of participants in the scheme.

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Source: legislation.gov.uk · retrieved 2026-09-04