Securities Markets Order, 2013 · s 207

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207.
Interpretation
In this Part, unless the context otherwise requires-
"communicate" includes causing a communication to be made;
"custodian", in relation to any form of collective investment scheme, means any person to whom the property subject to the collective investment scheme is entrusted for safekeeping;
"operator", of a collective investment' scheme, which is an investment company, means-
{a)
the licensed corporate director of that company which is the management company;
{b)
in relation to a unit trust, the management company; and
{c)
in relation to a partnership, the general partner.
"participate",.in relation to a collective investment scheme, means becoming a participant in the collective investment scheme by reason of having invested in a collective investment scheme;
"promotion otherwise than to the general public" includes promotion in a way designed to reduce, so far as possible, the risk of participation by persons for whom participation would be unsuitable;
"trustee", in relation to a collective investment scheme, means the person holding the property in question on trust for the participants;
"unit trust" means a collective investment scheme whose constitution document is a trust deed between the management company and the trustee;
"unit of a unit trust" means one of the equal proportionate participation into which the beneficial interests in the trust assets are divided.
Restrictions on promotion of collective investment scheme.

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s 207Interpretation

In this Part, unless the context otherwise requires-

"communicate" includes causing a communication to be made;

"custodian", in relation to any form of collective investment scheme, means any person to whom the property subject to the collective investment scheme is entrusted for safekeeping;

"operator", of a collective investment' scheme, which is an investment company, means-

{a)

the licensed corporate director of that company which is the management company;

{b)

in relation to a unit trust, the management company; and

{c)

in relation to a partnership, the general partner.

"participate",.in relation to a collective investment scheme, means becoming a participant in the collective investment scheme by reason of having invested in a collective investment scheme;

"promotion otherwise than to the general public" includes promotion in a way designed to reduce, so far as possible, the risk of participation by persons for whom participation would be unsuitable;

"trustee", in relation to a collective investment scheme, means the person holding the property in question on trust for the participants;

"unit trust" means a collective investment scheme whose constitution document is a trust deed between the management company and the trustee;

"unit of a unit trust" means one of the equal proportionate participation into which the beneficial interests in the trust assets are divided.

Restrictions on promotion of collective investment scheme.