Securities Markets Regulations, 2015 · As enacted · Chapter VIII
Section 116
Official textFrom Attorney General's Chambers, unchanged
(1)
In order to provide the unit holders with relevant and up-to-date information about the progress of a collective investment scheme, an operator must produce one annual report and one interim report in respect of each collective investment scheme it operates in accordance with these Regulations.
The operator must file with the Authority -
{a} an annual report within 3 months after the .end of each annual accounting period; and
{b) an interim report within 2 months after the end of each interim accounting period.
For the purposes of sub-regulation (2), the first annual accounting period of a collective investment scheme begins -
{a}
in the case of a public collective investment scheme,· on the date of registration by the Authority; or
{b)
in the case of a private collective investment scheme, on the date of notification to the Authority, and ends 12 months later. Thereafter, the annual accounting period covers the period between each subsequent financial year-end.
Notwithstanding the requirement in sub-regulation (2), an operator may, subject to the prior approval o.f the Authority, produce the collective investment scheme's reports and accounts in accordance with the operator's accounting periods.
For the purposes of sub-regulation (2). an interim accounting period is the period covering
{a}
6 months after the date on which the collective investment scheme was licensed by the Authority or in the case of a private collective 254