Securities Markets Regulations, 2015 · s 117

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)

117.
(l)
An annual report on a collective investment scheme, which is not an umbrella collective investment scheme, must contain -
(a}
the full audited accounts for the annual accounting period;
(b}
the report of the auditor in accordance with these Regulations;
(c}
the report of the operator in accordance with these Regulations;
and
(d} if the collective investment scheme is a public collective investment scheme, the comparative table in accordance with regulation 121;
(e} if the collective investment scheme is a private collective investment scheme, a statement on the performance of the collective investment scheme in accordance with the constitution and prospectus;
(fJ if the collective investment scheme is a public collective investment scheme, the report in accordance with regulation 122 of the person providing oversight of the collective investment scheme;
(g} if the collective invesfment scheme is an Islamic collective investment scheme, the report of the syariah advisory body which conforms to such requirements as may be determined by the Authority; and
(h}
if the collective investment scheme is an investment trust, the report of the trustee in accordance with regulation 122.
(2)
An annual report on a collective investment scheme, which is an umbrella collective investment scheme, must contain -
256

(a} for each sub-collective investment scheme
(i)
the full audited accounts for the annual accounting period;
(ii)
the report of the operator in accordance with regulation 120;
(iii) if the collective investment scheme is a public collective investment scheme, the comparative table in accordance with regulation 121; or
(iv)
if the collective investment scheme is a private collective investment scheme, a statement on the performance of the sub-collective investment scheme in accordance with the constitution and prospectus;
{b} an aggregation of the accounts required by paragraph (a}(i) for each sub-collective investment scheme;
{c}
the report of the auditor in accordance with regulation 122; and
(d}
ff the collective investment scheme is a public collective investment scheme, the report in accordance with regulation 121 of the person providing oversight of the collective investment scheme.
(3)
Where a collective investment scheme is required to appoint an investment committee, the annual report must include a report by that committee.
(4)
Where a collective investment scheme 1s a hedge fund, the annual report must include a report of its custodian.
of
(5)
The operator must ensure that the accounts give a true and fair view
(a} the net income, the net gains and the losses on the collective investment scheme property;
(b}
the sub-collective investment scheme for the annual accounting period in question; and
(c} the financial position of the collective investment scheme or sub-collective investment scheme as at the end of that period.
Interim report requirement.

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 117

(l)

An annual report on a collective investment scheme, which is not an umbrella collective investment scheme, must contain -

(a}

the full audited accounts for the annual accounting period;

(b}

the report of the auditor in accordance with these Regulations;

(c}

the report of the operator in accordance with these Regulations;

and

(d} if the collective investment scheme is a public collective investment scheme, the comparative table in accordance with regulation 121;

(e} if the collective investment scheme is a private collective investment scheme, a statement on the performance of the collective investment scheme in accordance with the constitution and prospectus;

(fJ if the collective investment scheme is a public collective investment scheme, the report in accordance with regulation 122 of the person providing oversight of the collective investment scheme;

(g} if the collective invesfment scheme is an Islamic collective investment scheme, the report of the syariah advisory body which conforms to such requirements as may be determined by the Authority; and

(h}

if the collective investment scheme is an investment trust, the report of the trustee in accordance with regulation 122.

(2)

An annual report on a collective investment scheme, which is an umbrella collective investment scheme, must contain -

256

(a} for each sub-collective investment scheme

(i)

the full audited accounts for the annual accounting period;

(ii)

the report of the operator in accordance with regulation 120;

(iii)

if the collective investment scheme is a public collective investment scheme, the comparative table in accordance with regulation 121; or

(iv)

if the collective investment scheme is a private collective investment scheme, a statement on the performance of the sub-collective investment scheme in accordance with the constitution and prospectus;

{b} an aggregation of the accounts required by paragraph (a}(i) for each sub-collective investment scheme;

{c}

the report of the auditor in accordance with regulation 122; and

(d}

ff the collective investment scheme is a public collective investment scheme, the report in accordance with regulation 121 of the person providing oversight of the collective investment scheme.

(3)

Where a collective investment scheme is required to appoint an investment committee, the annual report must include a report by that committee.

(4)

Where a collective investment scheme 1s a hedge fund, the annual report must include a report of its custodian.

(5)

The operator must ensure that the accounts give a true and fair view

(a} the net income, the net gains and the losses on the collective investment scheme property;

(b}

the sub-collective investment scheme for the annual accounting period in question; and

(c} the financial position of the collective investment scheme or sub-collective investment scheme as at the end of that period.

Interim report requirement.