Variable Capital Companies Regulations 2020 · reg 12

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

reg 12Circumstances to be considered for determining whether umbrella VCC is carrying on business in relation to sub-fund

For the purposes of section 33A(2) of the Act, the circumstances to which the Registrar may have regard in determining whether there is reasonable ground to believe that an umbrella VCC is not carrying on business in relation to a sub‑fund are —

(a)

whether the umbrella VCC has failed to respond to any correspondence sent by the Registrar relating to the sub‑fund by registered post, where a response is required; and

(b)

whether credible information has been received by the Registrar indicating that the umbrella VCC is not carrying on business in relation to the sub‑fund.