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Status: You are viewing the version of the handbook as on 2016-10-03.


    (in relation to investments of an authorised fund) intended that the holders should participate in or receive:

      1. (a) profits or income arising from the acquisition, holding, management or disposal of investments of the relevant description; or
      1. (b) sums paid out of profits or income in (a); or
      1. (c) other benefits where expressly permitted by a provision in 50COLL.50 3