57Classes of shares or interests in managed investment schemes

#### 57 Classes of shares or interests in managed investment schemes (1) The shares in a body corporate, if not divided into 2 or more classes, constitute a class. > Note: A CCIV must have a minimum of one class of shares per sub‑fund: see section 1230A. (2) If the interests in a managed investment scheme to which an undertaking relates are not divided into 2 or more classes, they constitute a class.