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    <description>Regulation 2 sets out the central definitions for mutual fund regulation, defining mutual fund, asset management company, sponsor, trustee(s), unit and unit holder, and specifying scheme types (open-ended, close-ended, index funds, ETFs, fund of funds, money market and commodity-linked schemes). It also defines governance and market concepts including control, associate, networth, NAV, liquid networth and market abuse, and provides that terms not defined herein shall have the meanings assigned by relevant securities and corporate statutes.</description>
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