Securities Markets Order, 2013 · s 208

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s 208( 1)

A holder of a capital markets services licence must not communicate an invitation or inducement to participate in a collective investment scheme.

(2)

In the case of a communication originating outside Brunei Darussalam, subsection (1) applies only if the communication is capable of having an effect in

Brunei Darussalam.

(3)

Subsection (1) shall not apply in relation to-

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{a}

a licensed collective investment scheme; or

{b)

a recognised collective investment scheme.

(4)

Subsection (1) shall not apply to anything done in accordance with regulations made by the Authority for the purpose of exempting from that subsection the promotion otherwise than to the general public of collective investment schemes of specified descriptions.

Application for collective investment scheme licence.