Regulatory Alerts2020-10-12
Collective Investment Schemes (Exemption) Regulations 1999
The Minister of Finance issued these regulations to exempt employee unit trust schemes from classification as collective investment schemes under the Collective Investment Schemes Act, 1997. An exempted scheme must primarily enable company employees to receive profits or income from stock, shares, or debentures held in trust for them. The arrangement must feature pooled employee contributions and profits, or grant individual employees acquired or disposable rights in the underlying company securities.
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