The Open-Ended Investment Companies (Amendment) Regulations 2009 were made on March 5 and came into force on March 6. They have been published on OPSI here (html) and here (pdf). An explanatory memorandum is available here (pdf). The Regulations allow transfers of title to shares in OEICs to be made electronically (a paper instrument of transfer was formerly required).Tuesday, 17 March 2009
UK: the Open-Ended Investment Companies (Amendment) Regulations 2009
The Open-Ended Investment Companies (Amendment) Regulations 2009 were made on March 5 and came into force on March 6. They have been published on OPSI here (html) and here (pdf). An explanatory memorandum is available here (pdf). The Regulations allow transfers of title to shares in OEICs to be made electronically (a paper instrument of transfer was formerly required).
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