Skip to content
Back to the text

Securities Markets Regulations, 2015 · s 173

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?

The text as we hold it

Open the official text

s 173( 1)

An operator of a public collective investment scheme that is an investment trust must ensure that the public collective investment scheme's oversight function is carried out through one of the following arrangements

{a) by the trustee of the public collective investment scheme;

{b)

by having a majority of independent directors on the operator of the public collective investment scheme's board.