Page:Variable Capital Companies Act 2018.pdf/11

12

Short title and commencement

1. This Act is the Variable Capital Companies Act 2018 and comes into operation on a date that the Minister appoints by notification in the Gazette.

General interpretation

2.—(1) In this Act, unless the contrary intention appears—


 * "Accounting Standards", in relation to a VCC, means—


 * (a) the accounting standards mentioned in section 100(8)(a) or the accounting standards in practices prescribed under section 100(8)(b); or


 * (b) where those accounting standards or practices (as the case may be) are substituted with other accounting standards under section 100(9) in relation to that VCC, the other accounting standards;