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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 24 May 2023 - onwards
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1390. Way of forming an investment company

(1) An investment company may be formed for any lawful purpose by any person or persons subscribing to a constitution and complying with the relevant provisions of -

(a) Chapter 2 of Part 2, as applied by this Part; and

(b) this Part;

in relation to registration of an investment company.

(2) Without prejudice to the means by which an investment company may be formed under the relevant provisions referred to in subsection (1), a company may be registered as an investment company by means of -

(a) the re-registration, or registration, as an investment company of a body corporate pursuant to Part 20 or 22;

(b) the merger of 2 or more bodies corporate pursuant to Chapter 16 of Part 17;

(c) the division of a body corporate pursuant to Chapter 17 of Part 17;

(d) the continuance, as an investment company, pursuant to Chapter 9, of a legal entity de-registering as a company in another jurisdiction; or

(e) the merger, conversion or division operation provided for by the European Union (Cross-Bo

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