Trustee appointment restrictions bar persons found guilty of securities-law offences or subject to regulatory violation orders. A person shall not be appointed as a trustee of a collective investment scheme if found guilty of an offence under the securities laws or if the Board or a delegated authority has issued an order under the Act against that person for violation of the Act or regulations made thereunder.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trustee appointment restrictions bar persons found guilty of securities-law offences or subject to regulatory violation orders.
A person shall not be appointed as a trustee of a collective investment scheme if found guilty of an offence under the securities laws or if the Board or a delegated authority has issued an order under the Act against that person for violation of the Act or regulations made thereunder.
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