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  1. Point in time
    2006-05-06

investment company

(in LR) a company whose object is to invest its funds wholly or mainly in:

  1. (a) any of the following investments specified in the Regulated Activities Order:
    1. (i) share (article 76);
    2. (ii) debenture (article 77);
    3. (iii) government and public security (article 78);
    4. (iv) warrant (article 79);
    5. (v) certificate representing certain securities (article 80);
    6. (vi) unit (article 81);
    7. (vii) option (article 83);
    8. (viii) future (article 84);
    9. (ix) contract for differences (article 85);
    10. (x) rights to or interests in investments in (i) to (ix) (article 89); or
  2. (b) interests in partnership arrangements, participations, joint ventures and other forms of non-corporate investment provided that the conditions of listing are met; or
  3. (c) interests in any other property provided that the relevant requirements of this chapter are met;

with the object of spreading investment risk and managing its portfolio for the benefit of its shareholders.36