Regulatory Alerts1990-01-01
Financial Supervision (International Collective Investment Schemes) Regulations 1990
The Treasury, under the Financial Supervision Act 1988, issued the Financial Supervision (International Collective Investment Schemes) Regulations 1990, which prescribe the mandatory contents for constitutional documents of international collective investment schemes. For open-ended investment companies incorporated in the Island, these documents must detail aspects like maximum charges, notice periods for changes, trustee remuneration, investment objectives, unit classes, and valuation methods. For other international collective investment schemes, similar provisions are required, additionally including winding-up procedures and auditor appointment, removal, remuneration, powers, and duties.
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