Unit Trusts Act, 1972

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Number 17 of 1972


UNIT TRUSTS ACT, 1972


ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Register of unit trust schemes.

3.

Registration of unit trust schemes.

4.

Notification of registrar of alteration of trust deed or change of name of unit trust scheme.

5.

Cancellation of registration of unit trust schemes.

6.

Appointment of new manager or trustee under unit trust scheme by Minister.

7.

Prohibition of certain purchases and sales of units of unregistered unit trust schemes.

8.

Prohibition of certain advertising in relation to unregistered unit trust schemes.

9.

Prohibition of investment by unit trust scheme in another scheme.

10.

Orders in relation to unit trust schemes.

11.

Assets of unit trust schemes.

12.

Particulars in relation to unit trust schemes for prospective purchasers of units thereunder.

13.

Obligation on managers under unit trust schemes to purchase units.

14.

Prohibition of certain transactions and making of certain profits by managers under unit trust schemes.

15.

Liability of trustees under unit trust schemes.

16.

Audit of accounts of unit trust schemes.

17.

Information in relation to unit trust schemes.

18.

Investigation of affairs of unit trust schemes.

19.

Inspection, production and evidence of documents kept by registrar.

20.

Fees.

21.

Offences and punishments.

22.

Offences in relation to certain bodies.

23.

Laying of orders and regulations before Houses of Oireachtas.

24.

Expenses of Minister.

25.

Short title and commencement.


Acts Referred to

Companies Act, 1862

1862, c. 89

Companies (Consolidation) Act, 1908

1908, c. 69

Companies Act, 1963

1963, No. 33

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Number 17 of 1972


UNIT TRUSTS ACT, 1972


AN ACT TO PROVIDE, IN THE PUBLIC INTEREST AND IN THE INTERESTS OF HOLDERS OF UNITS OF UNIT TRUST SCHEMES, FOR THE CONTROL AND REGULATION OF SUCH SCHEMES, TO PROHIBIT, IN CERTAIN CIRCUMSTANCES, THE ADVERTISING OF, AND THE PURCHASE OR SALE OF UNITS OF, SUCH SCHEMES, TO ENABLE THE MINISTER FOR INDUSTRY AND COMMERCE TO REQUIRE THAT SPECIFIED MINIMUM PROPORTIONS OF THE ASSETS OF CERTAIN SUCH SCHEMES SHALL BE PROPERTY IN THE STATE AND TO PROVIDE FOR OTHER MATTERS CONNECTED WITH THE MATTERS AFORESAID. [18th July, 1972]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: