464.Applications for an order declaring a unit trust scheme to be authorised must be made to the Authority by the manager and trustee of the scheme.  The manager and trustee must be different persons.  The section gives the Authority broad scope to determine the form and content of the application, including further information to be contained in it.
Commentary on Sections Part Xvii: Collective Investment Schemes Chapter III: Authorised unit trust schemes Section 242: Applications for authorisation of unit trust schemes