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.
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.
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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