Section 22D of the Company Director Disqualification Act 1986
Set out below in full is section 22D of the Company Director Disqualification Act 1986 setting out the general provisions relating to the application of the Company Director Disqualification Act 1986 to open-ended investment companies.
Application of Act to open-ended investment companies
1. This Act applies to open-ended investment companies with the following modifications.
2. In section 8(1) (disqualification after investigation), the reference to investigative material shall be read as including a report made by inspectors under regulations made by virtue of section 262(2)(k) of the Financial Services and Markets Act 2000.
3. In the application of Part 1 of Schedule 1 (matters for determining unfitness of directors: matters applicable in all cases) in relation to a director of an open-ended investment company, a reference to a provision of the Companies Act 2006 is to be taken to be a reference to the corresponding provision of the Open-Ended Investment Companies Regulations 2001 or of rules made under regulation 6 of those Regulations.
4. In this section “open-ended investment company” has the meaning given by section 236 of the Financial Services and Markets Act 2000.
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