(1) Every open-ended investment company must keep at an appropriate place -
(a) in the case of each director whose contract of service with the company is in writing, a copy of that contract; and
(b) in the case of each director whose contract of service with the company is not in writing, a written memorandum setting out its terms.
(2) All copies and memoranda kept by a company in accordance with paragraph (1) must be kept at the same place.
(3) The following are appropriate places for the purposes of paragraph (1) -
(a) the company’s head office;
(b) a place that is situated in the part of the United Kingdom in which the company is registered, which has been notified to the Authority as being the company’s alternative inspection location.
(4) Every copy and memorandum required by paragraph (1) to be kept must be open to the inspection of any shareholder of the company.
(5) If such an inspection is refused, the court may by order compel an immediate inspection of the copy or memor
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