(1) The Minister may, on the recommendation of the Commission, make regulations with regard to—
(a) the criteria for and conditions of the authorisation of collective investment schemes;
(b) the constitution and management of collective investment schemes, the powers and duties of the manager and custodian of a scheme and the rights and obligations of the participants in a scheme;
(c) the promotion, marketing and distribution of units;
(d) the issue and redemption of units;
(e) the provision of management or custodial services, or any other services for or in connection with a scheme;
(f) restricting or regulating the investment and borrowing powers exercisable in relation to the scheme;
(g) requiring the keeping of records with respect to the transactions and financial position of the scheme and for the inspection of those records;
(h) requiring the preparation of periodical reports with respect to the scheme and the submission of those reports to the participants and to the Commission;
(i) any fee, remuneration or reward payable or receivable for any services referred to in paragraph (e).
(2) Regulations made under this section may make provisions as to different classes of collective investment schemes and may make different provisions in relation to schemes falling within each class so specified.