Investor Protection Fund definitions clarify scope, actors and what qualifies as investor-focused legal proceedings. These regulations define the Investor Protection and Education Fund framework, identifying the Board, Committee, Fund, financial year and investor. They ... Summary
Investor Protection Fund definitions clarify scope, actors and what qualifies as investor-focused legal proceedings.
These regulations define the Investor Protection and Education Fund framework, identifying the Board, Committee, Fund, financial year and investor. They set out a working definition of legal proceedings for Fund purposes as court or tribunal matters affecting a large class of investors arising from listed harms-mis-statements or omissions in securities issues, non-receipt of securities or refunds, non-payment of dividends, defaults in redemption or interest, fraudulent or unfair trade practices, market manipulation and other market misconduct as the Board may deem appropriate-while excluding proceedings involving the Board as party or initiating enforcement. Undefined terms take meanings from relevant statutes.
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