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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 March 2021 - onwards
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18B. Duty to give particular notice to individuals believed to be beneficial owners of common contractual fund.

(1) Without prejudice to the generality of section 18A(1), a management company of a common contractual fund shall give to any individual whom it has reasonable cause to believe to be a beneficial owner of the common contractual fund the notice referred to in subsection (2), but this is subject to subsection (5).

(2) The notice referred to in subsection (1) is a notice, addressed to the individual concerned, that requires the addressee -

(a) to state whether or not he or she is a beneficial owner of the common contractual fund, and

(b) if so, to confirm or correct any particulars of his or hers that are included in the notice, and supply any that are missing,

and such a notice is referred to subsequently in this section as a notice under this section.

(3) A notice under this section shall -

(a) state that it is given under 'section 18B of the Investment Funds, Companies and Miscellaneous Provisions Act 2005', and

(b) as respects each of the particulars referred to in section 18A(1)(a),

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