Examples of Public Funds Code in a sentence
The bank will monitor daily, the balances of all County deposits to ensure adequate collateral coverage per the Texas Public Funds Code 2257.
Registered public funds may not make an invitation to the public or any section of the public to purchase shares unless prior to such invitation they publish a prospectus which complies with SIBA and the Public Funds Code, which is approved by and signed on behalf of the fund’s directors and which is registered by the FSC.
PRELIMINARY PROVISIONS Citation and commencement.1. This Code may be cited as the Public Funds Code, 2010 and shall come into force on the 31st day of March, 2011.
Repeal of the Mutual Funds Act 1996 Further to the above changes, SIBA also has the function of repealing the Mutual Funds Act 1996, which has now been replaced by Part III SIBA, the MFR and the Public Funds Code.
The Public Funds Code, and any amendment thereto, shall be published in the Gazette.
Any documents attached to a prospectus referred to in subsection (1) shall comply with the requirements contained in the Public Funds Code.
The Commission may, at any time, revoke or vary an exemption from, or modification of, the Public Funds Code given under subsection (5).
The Commission may, with the approval of the Board, amend the Public Funds Code in such manner and to such extent as it may determine.
Where an offering document is issued, it is required to be filed with the application for recognition and an updated offering document or supplement must be filed within 14 days of any change being made to the filed offering document.SIBA and the MFR require that a public fund have a prospectus which complies with and is updated in accordance with the terms of the Public Funds Code, 2010.
Funds registered as public funds must not only comply with the above provisions, but also further regulatory requirements set out in SIBA, the Mutual Funds Regulations and the Public Funds Code, 2010.