Paragraph 1.01
major unit holdermeans a person who has an interest or interests in one or more units in a unit trust scheme and the unit, or the aggregate of those units is –
(a)10% or more of the aggregate of the units in the unit trust scheme; or 
(b)5% or more of the aggregate of the units in the unit trust scheme where such person is the largest unit holder of the unit trust scheme.
For the purpose of this definition, "interest in units" has the meaning given in section 4 of the CMSA.