The Unit Trusts (Electronic Communications) Order 2009 was made on 5 March and came into force on 6 March. A copy of the Order has been published on OPSI: see here (html) or here (pdf). An explanatory memorandum is available here (pdf). The Order permits transfers of title to units in authorised unit trusts to be made electronically (a paper instrument of transfer was previously required).Tuesday, 17 March 2009
UK: the Unit Trusts (Electronic Communications) Order 2009
The Unit Trusts (Electronic Communications) Order 2009 was made on 5 March and came into force on 6 March. A copy of the Order has been published on OPSI: see here (html) or here (pdf). An explanatory memorandum is available here (pdf). The Order permits transfers of title to units in authorised unit trusts to be made electronically (a paper instrument of transfer was previously required).
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