(1) The Treasury may by regulations make provision for—
(a) facilitating the carrying on of collective investment by means of open-ended investment companies;
(b) regulating such companies.
(2) The regulations may, in particular, make provision—
(a) for the incorporation and registration in [the United Kingdom] of bodies corporate;
(b) for a body incorporated by virtue of the regulations to take such form as may be determined in accordance with the regulations;
(c) as to the purposes for which such a body may exist, the investments which it may issue and otherwise as to its constitution;
(d) as to the management and operation of such a body and the management of its property;
(e) as to the powers, duties, rights and liabilities of such a body and of other persons, including—
(i) the directors or sole director of such a body;
(ii) its depositary (if any);
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