Securities Markets Order, 2013 · s 210

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

210. (1)
Where on an application for a collective investment scheme licence, the
Authority
{a}
is satisfied that the collective investment scheme complies with the requirements set out in this section;
1388

(bJ is satisfied that the collective investment scheme complies with the requirements of the collective investment scheme regulations; and
{cj has been provided with a copy of the trust deed and a certificate signed by an advocate or solicitor to the effect that it complies with the requirements of this section or those regulations as relate to its contents, or the constitution of the collective investment scheme, the Authority may make an order declaring the collective investment scheme to be a licensed collective investment scheme ..
(2)
If the Authority makes an order under subsection (1). it must give notice in writing of the order to the applicant.
(3)
The operator and the custodian must be different persons who are independent of each other.
(4)
The operator and the custodian must each -
{aj be ct body corporate incorporated in Brunei Darussalam; and
{bj have a place of business in Brunei Darussalam, and the affairs of each must be administered in the country or territory in which it is incorporated.
(5)
The name of the collective investment scheme must not be undesirable or misleading.
(6)
The purposes of the collective investment scheme must be reasonably capable of being successfully carried into effect.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 210

(1)

Where on an application for a collective investment scheme licence, the

Authority

{a}

is satisfied that the collective investment scheme complies with the requirements set out in this section;

1388

(bJ is satisfied that the collective investment scheme complies with the requirements of the collective investment scheme regulations; and

{cj has been provided with a copy of the trust deed and a certificate signed by an advocate or solicitor to the effect that it complies with the requirements of this section or those regulations as relate to its contents, or the constitution of the collective investment scheme, the Authority may make an order declaring the collective investment scheme to be a licensed collective investment scheme ..

(2)

If the Authority makes an order under subsection (1). it must give notice in writing of the order to the applicant.

(3)

The operator and the custodian must be different persons who are independent of each other.

(4)

The operator and the custodian must each -

{aj be ct body corporate incorporated in Brunei Darussalam; and

{bj have a place of business in Brunei Darussalam, and the affairs of each must be administered in the country or territory in which it is incorporated.

(5)

The name of the collective investment scheme must not be undesirable or misleading.

(6)

The purposes of the collective investment scheme must be reasonably capable of being successfully carried into effect.