Securities Markets Regulations, 2015 · s 75

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s 75

(1)

This Chapter applies to any person who 231

{a)

markets or intends to market a unit of a collective investment scheme by offering it for issue or sale; or

{b)

undertakes or intends to undertake a transaction in a unit of a collective investment scheme.

(2)

Unless expressly provided otherwise, this Chapter does not apply

{a)

to a person who establishes or operates a collective investment scheme;

(b)

where an offer is made or directed by a regulated person to a market counterparty; or

(c)

to a regulated person if it undertakes a transaction for the purpose of disposing of a unit in a collective investment scheme for or on behalf of a unit holder in that collective investment scheme.

Prospectus of collective investment scheme.