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Unit Trusts Act, 1990 (No. 37)Introductory TextActs Referred to1. Interpretation.2. Non-application of this Act to certain undertakings.3. Register of authorised unit trust schemes.4. Authorisation of unit trust schemes.5. Powers of Bank.6. Refusal of authorisation.7. Alteration in trust deed of, or change in name of, authorised unit trust scheme.8. Replacement of management company or trustee.9. Prohibition of the sale or purchase of units of unauthorised unit trust schemes and certain like schemes.10. Prohibition of certain advertising in relation to unauthorised unit trust schemes and certain like schemes.11. Assets of unit trust schemes.12. Obligation on management companies under unit trust schemes to purchase units.13. Prohibition of certain transactions and making of certain profits by management companies under unit trust schemes and by certain other persons.14. Liability of trustees under authorised unit trust schemes.15. Adaptation of certain provisions of UCITS Regulations.16. Offences in relation to certain bodies.17. Offences under provisions of this Act and UCITS Regulations.18. Penalties.19. Expenses of Minister.20. Repeal of Unit Trusts Act, 1972, and consequential provisions.21. Short title.
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 December 1990 - onwards

2. Non-application of this Act to certain undertakings.

The provisions of this Act shall not apply to an undertaking for collective investment in transferable securities (within the meaning of the UCITS Regulations) that is authorised under those Regulations or by a competent authority in another member state of the European Communities in accordance with Council Directive 85/611/EEC of 20th December, 1985 [O.J. No. L375, 31.12.85, p.3.] (as amended by Council Directive 88/220/EEC of 22nd March, 1988 [O.J. No. L100, 19.4.88, p.31.]).

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