Companies Act 2014 section 1393

Supplemental provisions in relation to constitution and continuance in force of existing memorandum and articles

Section 1393 deals with the articles of association of an investment company, setting out what they must contain, how optional provisions apply by default, and how existing constitutional documents from before the 2014 Act continue in force.

• The articles of an investment company must include appropriate regulations relating to its collective investment activities, and may include other regulations as desired.
• Where the articles do not exclude or modify an optional provision of the Act, that optional provision applies to the investment company by default.
• Existing memoranda and articles registered before commencement of this section remain in force, provided they are not inconsistent with mandatory provisions, and may be altered in accordance with the Act.
• References in pre-existing constitutional documents to provisions of the prior Companies Acts are to be read as references to the corresponding provisions of the Companies Act 2014.

---