EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
Trust Deed requirements ensure trustee duties and manager obligations govern protection and management of collective investment scheme assets. The Trust Deed must set out comprehensive requirements governing protection and management of collective investment scheme assets, trustee ... Summary
Referred In :
Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999
Trust Deed requirements ensure trustee duties and manager obligations govern protection and management of collective investment scheme assets.
The Trust Deed must set out comprehensive requirements governing protection and management of collective investment scheme assets, trustee responsibilities, management company obligations, policies on unit issuance and pricing, disclosure and reporting, auditor independence, restrictions on encumbering trust property, procedures for amendment and trustee removal with prior regulatory and unit holder approval, and assurance that unit holders hold beneficial interest only to the extent of their individual holdings.
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