Power to issue regulatory clarifications binding on trustees and intermediaries ensures authoritative guidance for collective investment schemes. Regulation 75 authorises the Board to issue notes or circulars containing clarifications and guidelines to remove difficulties in applying or interpreting ... Summary
Power to issue regulatory clarifications binding on trustees and intermediaries ensures authoritative guidance for collective investment schemes.
Regulation 75 authorises the Board to issue notes or circulars containing clarifications and guidelines to remove difficulties in applying or interpreting the Collective Investment Schemes regulations; those clarifications are binding on trustees, Collective Investment Management Companies and any other market intermediaries.
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