Section 29(9)

Paragraph (8) does not apply to an open-ended investment company if— an application for an authorisation order under regulation 12 of the Open-ended Investment Companies Regulations 2001 was made in relation to that open-ended investment company before the date on which these Regulations come into force; and that application was not determined until a date on or after the date on which these Regulations come into force.

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