collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.
collective investment scheme means a scheme for the management of property of any description which enables participants in the scheme to receive income or profits from that property, such as open-ended investment companies, unit trusts and investment trust companies.
collective investment scheme means any pooled investment vehicle irrespective of legal form;
Examples of collective investment scheme in a sentence
The Collective Investment Scheme Act guarantees the repurchase of participatory interests in a fund of funds by the management company.
More Definitions of collective investment scheme
collective investment scheme or “investment scheme” means any arrangement such as is identified as described in paragraph 1 of Schedule 1 of the Law;
collective investment scheme means a collective investment scheme as defined in the Collective Investment Schemes Control Act, 2002;
collective investment scheme means a scheme in whatever form, including an open-ended investment company, where members of the public are invited or permitted to invest money or other assets in a portfolio and in terms of which—
collective investment scheme means any arrangement with respect to property of any description including money—
collective investment scheme or “scheme” means collective investment schemes commonly regarded as mutual funds (whether they appear in the legal forms of contractual model, companies with variable capital or otherwise) and unit trusts as are contemplated in this UT Code.
collective investment scheme means a fund that more than one person contributes to with the aim of increasing the value of their investments or receiving income from a pooled investment. A fund manager will invest the pooled money into one or more types of asset, such as stocks, bonds or property
collective investment scheme means any pooled investment vehicle irrespective of legal form; and “public collective investment scheme” means any collective investment scheme or fund, in which the purchase, sale or redemption of shares or other interests is not implicitly or explicitly restricted to a limited group of investors;