Capital protection oriented schemes require portfolio-capability ratings, must be close-ended and meet Board-prescribed compliance conditions. Regulation 38A permits capital protection oriented schemes provided their units are rated by a registered credit rating agency for the portfolio's ability to protect invested capital, the scheme is close-ended, and there is compliance with any other requirements the Board may prescribe.
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.
Capital protection oriented schemes require portfolio-capability ratings, must be close-ended and meet Board-prescribed compliance conditions.
Regulation 38A permits capital protection oriented schemes provided their units are rated by a registered credit rating agency for the portfolio's ability to protect invested capital, the scheme is close-ended, and there is compliance with any other requirements the Board may prescribe.
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