collective investment undertaking other than the closed-end type
- (a) [deleted]235
- (c) they raise capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors;235
- (d) their units are, at the holder’s request, repurchased or redeemed, directly or indirectly, out of their assets.235
(in PRR) (as defined in article 2(p) of the Prospectus Regulation235) unit trusts and investment companies: