| PART I |
| General |
| 1. | Citation and Commencement |
| 2. | Interpretation |
| PART II |
| Valuation |
| 3. | Property included and assumptions to be made in valuing fund |
| 4. | Valuation of property |
| PART III |
| Breach of Investment Limits |
| 5. | Duties of manager and trustee to avoid breach of investment limits |
| 6. | Duties of manager and trustee in the event of inadvertent breach of investment limits |
| 7. | Duties of manager and trustee in the event of other breaches of investment limits |
| PART IV |
| Investment and Borrowing Powers |
| 8. | Hedging |
| 9. | Restriction of investment powers exercisable in relation to authorised unit trust schemes |
| 10. | Restriction of authorised securities schemes to investment in approved securities |
| 11. | Exceptions from regulations 9 and 10 |
| 12. | Ability of authorised securities scheme to invest in open-ended collective investment schemes |
| 13. | Limitation on amount which may be invested under regulation 12 |
| 14. | Limitation on investment in schemes managed by manager or associated company |
| 15. | Limitation on investment in instruments conferring rights to subscribe and investment in nil paid or partly paid securities |
| 16. | Limitation on acquisition of influential stake |
| 17. | Authorised securities schemes other than Government and other public securities funds: spread of investments |
| 18. | Exceptions from regulation 17 |
| 19. | Acquisitions as a result of exercise of rights |
| 20. | Government and other public securities funds: spread of investments |
| 21. | Money market funds: limitation of ability to invest in transferable securities |
| 22. | Money market funds: general investment powers |
| 23. | Money market funds: spread of investments |
| 24. | Money market funds: limitation of ability to invest in long dated instruments |
| 25. | Application of regulations 15 and 16 to money market funds |
| 26. | Feeder funds: limitation to investment in units of single collective investment scheme |
| 27. | Funds of funds: limitation to investment in units of other collective investment schemes |
| 28. | Prohibition on fund of funds investing in another fund of funds |
| 29. | Funds of funds: spread of investments |
| 30. | Feeder funds and funds of funds: ability to hold cash and near cash |
| 31. | Borrowing |
| 32. | Underwriting and placings |
| 33. | Lending, guarantees and indemnities |
| 34. | Uncovered sales of property |
| 35. | Application of regulations to umbrella funds |
| 36. | Prohibition on a scheme of a particular kind becoming a scheme of another kind |
