| PART I |
| General |
| 1. | Citation and commencement. |
| 2. | Interpretation. |
| PART II |
| Valuation of Property |
| 3. | Periodic Valuations. |
| 4. | Property to be included and assumptions to be made in a periodic valuation. |
| 5. | Bases of valuation. |
| PART III |
| Creation and Cancellation of Units |
| 6. | Creation of units by trustee. |
| 7. | Cancellation of units by trustee. |
| 8. | Refusal to create or cancel units: trustee's powers and duties. |
| 9. | Creation of units: initial offer or unitisation. |
| 10. | Compulsory termination of initial offer. |
| 11. | Creation and cancellation of units where the scheme is valued at intervals of more than two hours. |
| 12. | Creation and cancellation of units where the scheme is valued at intervals of not more than two hours. |
| 13. | Creation price. |
| 14. | Cancellation price. |
| 15. | Manager as agent. |
| PART IV |
| Issue and Redemption of Units |
| 16. | Prices at which units may be issued and redeemed. |
| 17. | Manager's discretion in case of large deal. |
| 18. | Cases in which manager may not deal at historic price. |
| 19. | Manager's duty where he knows, or has reason to believe, that the value of property has materially changed. |
| 20. | Manager's duty to notify trustee of creation and cancellation prices and of dealing spread. |
| 21. | Manager's duty to notify trustee of additional valuation and change in pricing basis. |
| 22. | Income equalisation. |
| 23. | Publication of issue and redemption prices. |
| 24. | Contract notes. |
| 25. | Conversion of units. |
| 26. | Manager's obligation to issue and redeem units. |
| 27. | Transfer or sale of property in lieu of payment of redemption price. |
| 28. | Suspension and resumption of redemption of units. |
| 29. | Manager may deal in units without accounting for profits. |
| PART V |
| Transitional |
| 30. | Transitional provision. |
