Securities (Collective Investment schemes) Regulations (Statutory Instrument 103/2001)
Statutory Instrument 103/2001 .. in force 1 August 2004 (S.I. 54/2004)
ARRANGEMENT OF REGULATIONS
PART 1
PRELIMINARY
| 1. | Citation |
| 2. | Interpretation |
PART 2
ESTABLISHMENT OF COLLECTIVE INVESTMENT SCHEMES
| 3. | Unit trusts |
| 4. | Investment companies |
PART 3
AUTHORISATION OF COLLECTIVE INVESTMENT SCHEMES
| 5. | Application for authorisation |
| 6. | Conditions for authorisation |
| 7. | Authorisation by Commission |
| 8. | Representations against refusal or revocation |
| 9. | Property of collective investment scheme to be held by custodian |
| 10. | Changes of management company or custodian |
| 11. | Avoidance of exclusion clauses |
| 12. | Directions by Commission |
| 13. | Investigations |
PART 4
CUSTODIAN
| 14. | Appointment of custodian |
| 15. | Eligibility to be a custodian |
| 16. | Custody of property |
| 17. | General duties of custodian |
| 18. | Instructions from management company |
| 19. | Change of address |
| 20. | Liability of custodian |
| 21. | Register of participants |
| 22. | Notification of contraventions |
PART 5
MANAGEMENT COMPANIES
| 23. | Appointment of management company |
| 24. | Eligibility to be a management company |
| 25. | Qualifications of directors |
| 26. | General duties of management company |
| 27. | Restrictions on activities of management company |
| 28. | Change of address |
| 29. | Liability of management company |
| 30. | Requests to management company and investment adviser |
| 31. | Units held by management company |
PART 6
AUDIT OF COLLECTIVE INVESTMENT SCHEMES
| 32. | Appointment and qualifications of auditor |
| 33. | Audit of accounts |
| 34. | Communication with Commission |
PART 7
COLLECTIVE INVESTMENT SCHEME PARTICULARS AND
FINANCIAL REPORTS
| 35. | Documents to be prepared and published by management companies |
| 36. | Contents of collective investment scheme particulars |
| 37. | Contents of annual and half-yearly reports |
| 38. | Publication of collective investment scheme particulars and reports |
PART 8
GENERAL REQUIREMENTS
| 39. | Publication of prices |
| 40. | Units and accumulation units |
| 41. | Payments out of and into the property of a collective investment scheme |
| 42. | Creation, etc. of units, repurchases and redemptions |
| 43. | Valuation and pricing |
| 44. | Advertising |
| 45. | Fees of custodian |
| 46. | Inclusion of performance data |
| 47. | Changes to collective investment scheme documentation |
| 48. | Transactions with connected persons |
| 49. | Meetings |
PART 9
RESTRICTIONS ON INVESTMENT POWERS OF COLLECTIVE INVESTMENT SCHEMES
| 50. | Application of this Part |
| 51. | General investment powers |
| 52. | Core requirement |
| 53. | Spread of investments |
| 54. | Government and other public securities |
| 55. | Financial futures |
| 56. | Warrants and options |
| 57. | Investment in other collective investment schemes |
| 58. | Prohibition of real estate investments |
| 59. | Restriction on lending of money |
| 60. | Restriction on lending of property other than money |
| 61. | Unlimited liability |
| 62. | Limitations on securities in which directors or officers have interests |
| 63. | Limitations on nil-paid or partly paid securities |
| 64. | Limitations on borrowing |
| 65. | Prohibition of short selling |
| 66. | Applicability of restrictions to umbrella collective investment Schemes |
| 67. | Breach of investment limits |
| 68. | Name of collective investment scheme |
| Schedule 1 | |
| Schedule 2 | |
| Schedule 3 | |
| Schedule 4 | |
| Schedule 5 | |
| Schedule 6 | |
Commencement [1 August 2004]