Regulation 39
Restriction on purchase of goods by liquidator
of Variable Capital Companies (Court-Ordered Winding Up) Regulations 2026
Subsidiary LegislationIn forceProvision 39 of 57
Regulation 39
Where the liquidator carries on the business of the VCC or sub‑fund, the liquidator must not, except with the sanction of the Court, enter into a transaction to purchase any goods from any person for the carrying on of that business, if the liquidator would obtain any portion of the profit (if any) received by that person from the transaction.