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Collective Investment Scheme

"CollectiveIinvestment Scheme" means any arrangements with respect to money or other property of any description, under which-
(a) provision is made for persons taking part in the arrangements to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income;
(b) property the subject of the arrangements-
(i) is owned or held in trust by; or
(ii) is managed by or on behalf of,
a body corporate (in this Part referred to as the "operator" of the scheme); and
(c) the interests of persons participating in the arrangements is represented by shares or other securities of the body corporate or, in the case of a unit trust, by units;
(d) funds invested in accordance with the arrangements purporting to be invested with the aim of spreading investment risk.

Dealers Authorised to carry out this function are as follows

Last update Wednesday, January 07, 2009