collective investment undertaking other than the closed-end type
Defined in Article 2, Transparency Directive
Definitions over time (1)
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For the purposes of this Directive the following definitions shall apply:
‘collective investment undertaking other than the closed-end type’ means unit trusts and investment companies: the object of which is the collective investment of capital provided by the public, and which operate on the principle of risk spreading; and the units of which are, at the request of the holder of such units, repurchased or redeemed, directly or indirectly, out of the assets of those undertakings;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(1)(g) Historical · definitions end 20/03/2008