Page:Variable Capital Companies Act 2018.pdf/12

Rh :"business day" means any day other than a Saturday, Sunday or public holiday;


 * "certified"—


 * (a) in relation to a copy of a document, means certified in the prescribed manner to be a true copy of the document; and


 * (b) in relation to a translation of a document, means certified in the prescribed mannner to be a correct translation of the document into the English language;


 * "charge" includes a mortgage and any agreement to give or execute a charge or mortgage whether upon demand or otherwise;


 * "closed-end fund" has the meaning given by section 2(1) of the Securities and Futures Act;


 * "collective investment scheme" has the meaning given by section 2(1) of the Securities and Futures Act;


 * "company" has the meaning given by section 4(1) of the Companies Act;


 * "consolidated financial statements" has the meaning given by the Accounting Standards;


 * "constitution", in relation to a VCC, means the constitution of the VCC that is registered with the Registrar under section 16(4), as may be amended from time to time;


 * "contributory"—


 * (a) in relation to a VCC, means a person liable to contribute to the assets of the VCC in the event of its being wound up, and includes the holder of fully paid shares in the VCC and (before the final determination of the persons who are contributories) any person alleged to be a contributory of the VCC; and


 * (b) in relation to a sub-fund, means a person liable to contribute to the assets of the sub-fund in the event of its being wound up, and includes the folder of fully