collective investment undertaking other than the closed-end type
Definitions over time (1)
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20/01/2005 – 20/03/2008 Article 2, Transparency Directive Scope: Whole act
1. 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:(i)the object of which is the collective investment of capital provided by the public, and which operate on the principle of risk spreading; and(ii)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;
Other definitions of this term in this act (1)
Each has its own scope, dates and uses. Open one to see when it applies.
Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.