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Proceeding contribution from Lord James of Blackheath (Conservative) in the House of Lords on Wednesday, 25 February 2009. It occurred during Debates on delegated legislation on Unit Trusts (Electronic Communications) Order 2009.


Unit Trusts (Electronic Communications) Order 2009

I have a short question for the Minister. When the order came to the Merits Committee, my concern was whether there was any safeguard built into the software for this which would in any way prevent what one might call a run on unit trusts arising from a programme sale knock-on, as occurs in the equity market, and whether you could have an artificially created crisis in the unit trusts as a result of sales by more than one party or another creating a programme sale, knocking on into everyone else who holds those investments at that time to create an unnecessary and unwelcome panic sale on an otherwise reasonable investment portfolio.


Secondary information

Type
Proceeding contribution
Reference
708 c120GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
Subjects
Cost effectiveness Investment Electronic funds transfer Electronic commerce Property transfer Open ended investment companies Standards Shares Stocks and shares Unit trusts
Legislation
Open-ended Investment Companies (Amendment) Regulations 2009
Unit Trusts (Electronic Communications) Order 2009
Link
View this Proceeding contribution on www.publications.parliament.uk