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Statutory Instrument 1989 No. 28

The Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989

(The document as of February, 2008. Arhiv.Online Library)

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STATUTORY INSTRUMENTS

1989 No. 28

FINANCIAL SERVICES

The Financial Services Act 1986 (Single Property Schemes) (Exemption) Regulations 1989

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Made11th January 1989
Laid before Parliament12th January 1989
Coming into force2nd February 1989


ARRANGEMENT OF REGULATIONS

1. Citation and Commencement
2. Interpretation
3. Exemption from section 76(1) of Act
4. Requirements as to interests to be held when scheme formally constituted
5. Ability to alter terms of scheme
6. Requirements as to form of scheme
7. Ability to call on participants for contributions
8. Requirements as to land and buildings
9. Requirements as to distribution of income
10. Corporate based schemes: requirements as to winding-up
11. Trust based schemes: requirements as to termination
12. Requirements concerning disposal of property
13. Trust based schemes: retirement or replacement of trustee or operator
14. Pre-emption rights: trust based schemes
15. Pre-emption rights: corporate based schemes
16. Trust based schemes: valuation of non-cash consideration
17. Valuation and report
18. Application of regulations 16 and 17 to corporate based schemes
19. Requirements as to borrowing: corporate based schemes
20. Requirements as to borrowing: trust based schemes
21. Qualification of regulations 19 and 20
22. Matters requiring approval by meeting of participants
23. Application of regulations 24 to 36 in case of corporate based schemes
24. Convening of meetings
25. Quorum
26. Chairman
27. Adjournment
28. Votes at meetings
29. Proxies
30. Minutes
31. Audit
32. Reports and accounts
33. Register of participants
34. Transfer of units by act of parties
35. Change of name or address of participant
36. Inspection of register and copies of entries
37. List of participants
38. Trust based schemes: position of trustees and operators
39. Trust based schemes: position of participants

 SCHEDULE Countries and Territories.

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