The Investment Trusts Act 1860

The Investment Trusts Act 1860 is a UK law that regulates the formation and operation of investment trusts, which are companies that pool investors’ money to invest in a diversified portfolio of assets. The Act ensures these companies are managed properly, maintain transparency, and protect investors’ interests by requiring legal procedures for establishing and running the trusts. It provides a framework to promote fair practices, prevent fraud, and ensure that the trustees act in the best interests of their shareholders. Overall, it helps maintain confidence and stability in investment trusts as a means of collective investing.