The property for the time being subject to any trust created under a registered unit trust scheme shall not consist of or include rights or interests (described whether as units or otherwise) acquired under an arrangement made for the purpose, or having the effect, solely or mainly, of providing facilities for the participation by the public in profits or income arising from the acquisition, holding, management or disposal of securities or any other property whatsoever.
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 26 December 1990 - onwards
9. Prohibition of investment by unit trust scheme in another scheme.
Repealed from 26 December 1990