Regulatory Alerts2010-01-01
Limited Partnerships (Collective Investment Schemes) (Exemption) Regulations 2010
The Financial Supervision Commission, with Treasury concurrence, issued these Regulations to exempt international collective investment schemes constituted as limited partnerships from specific partner registration requirements under the Partnership Act 1909. The exemption applies only if the general partner's details are registered and the scheme maintains its principal place of business at the authorized person's premises responsible for the investor register. Exempt schemes must also maintain detailed records of limited partners, the partnership agreement, and financial contributions at that principal place of business.
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