Unit Trust Code definition

Unit Trust Code means the Unit Trust Code framed and gazetted in Gazette Extraordinary No. 1326/6 dated 6th February 2004 by the Commission under the SEC Act. o “Value” with reference to
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Unit Trust Code means the Unit Trust Code framed by the Commission under the Securities and Exchange Commission of Sri Lanka Act No.36 of 1987 and any amendments made thereto.Corporate Directory
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Unit Trust Code means the Unit Trust Code of 2011 framed and gazetted in Gazette Extraordinary No. 1723/46 dated 12th September 2011 by the Commission under the Act.
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Examples of Unit Trust Code in a sentence

  • All the provisions of the SEC Act and all subsisting amendments thereto and the Unit Trust Code as may be replaced or changed from time to time and all regulations and rules duly promulgated there under shall be deemed for all purposes to be incorporated in this Trust Deed as part and parcel hereof and have effect accordingly.

  • Under the terms of the Unit Trust Code, the Management Company has the discretion to reject an application for units and to defer redemption of units if the exercise of such discretion is in the best interests of unitholders.

  • The only existing legal framework for a fund structure is the Unit Trust Code of 2011, which explicitly prohibits investments in unlisted securities and is therefore not applicable to a fund providing financing directly to SMEs. Additionally, the involvement of the government as a key stakeholder has implications on the level of regulatory and public scrutiny the proposed fund’s operations are subject to.

  • Upon payments being made, the Managing Company shall file with the Exchange a declaration signed by the Managing Company and the Trustee of the Closed-End Fund confirming that they have complied with the Rules of the Unit Trust Code 2004 and the Trust Deed in performing its obligations to the holders of units with regard to the distribution of the proceeds of the realization of the Closed-End Fund, and request the Exchange to cancel the units listed in the Exchange and the entries in the CDS.

  • A Closed-end Fund shall be dissolved pursuant to the Trust Deed and in accordance with the Rules of the Unit Trust Code 2004.

  • The Managers role is to manage the Fund in accordance with the provisions of the Securities and Exchange Commission Act No. 36 of 1987, Trust Deed, Explanatory Memorandum, Unit Trust Code and any directives issued by the Commission from time to time.

  • In addition, the monthly returns of the unit trust funds were scrutinised to ensure that exposure levels of the unit trusts were within acceptable limits as set out in the Unit Trust Code, the relevant Trust Deeds and the directives issued by the Commission.

  • The Fund shall make investments within the investment parameters set out by the SEC subject to Section 10 of the Unit Trust Code and changes made from time to time under the directives issued by the SEC.The main investment restrictions would be as follows:A level of liquidity amounting to not less than five per centum (5%) of the total value of the Fund in the form of cash or near cash, shall be maintained at all times.

  • The Unit Trust Manager’s role is to manage the Funds in accordance with this Explanatory Memorandum, the Trust Deeds, the Unit Trust Code of 2011 and related provisions and directions which may be issued by the SEC from time to time.

  • In addition exposure levels of the Unit Trusts according to the investment limitations set out in the relevant Trust Deeds and the Unit Trust Code were also monitored and the companies were found to be within acceptable limits.Furthermore, advertising material, press releases, interim reports and annual Financial Statements of Unit Trust Funds were approved.


More Definitions of Unit Trust Code

Unit Trust Code means the Code on Unit Trusts and Mutual Funds issued by the SFC.
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Unit Trust Code means the Unit Trust Code of 2011 framed by the Commission under the Act and any other amendments or modifications or substitutions made thereto.
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Unit Trust Code means the Unit Trust Code framed and gazetted in Gazette No. 1723/4 dated 12th September 2011 by the Commission under the Act and any modifications made thereto.
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Related to Unit Trust Code

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;

  • Corporate Trust Contract means any indenture, trust, pooling and servicing, paying agency, collateral or disbursing agency, securities (whether bond, note, debenture or other) registrar, transfer agency or document custody Contracts and all other fiduciary, agency and corporate trust Contracts, including call rights, in each case, in respect of the Appointments.

  • Trust Company means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.

  • Corporate Trust Capacity means trustee, registrar, agency (including as paying agent, transfer agent, collateral agent, fiscal agent, escrow agent or similar agency capacity), servicer, master servicer, custodial (including document custody) or other similar capacity under a Corporate Trust Contract, and any rights or duties arising from, or the provision of any services in connection with, any such capacities.

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • trust corporation means a trust corporation (as defined in the Law of Property Act 1925) or a corporation entitled to act as a trustee pursuant to applicable foreign legislation relating to trustees.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Owner Trust means with respect to any Leased Aircraft, the trust created by the "Trust Agreement" referred to in the Leased Aircraft Indenture related thereto.

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Owner Trustee Corporate Trust Office means the office of the Owner Trustee at which its corporate trust business shall be administered, which initially shall be 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000 Attn: Corporate Trust Administration, or such other office at such other address as the Owner Trustee may designate from time to time by notice to the Certificateholder, the Servicer, the Indenture Trustee, the Trust Depositor and Harley-Davidson Credit.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq., as the same may be amended from time to time.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • state trust land means land owned by the state-

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • Blind Trust means an independently managed trust in which the employee-beneficiary has no management rights and in which the employee-beneficiary is not given notice of alterations in or other dispositions of the property subject to the trust.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • for a Trust shall mean the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Deutsche Bank means Deutsche Bank AG and its affiliated companies, as the context requires.

  • the London Emergencies Trust means the company of that name (number 09928465) incorporated on 23rd December 2015 and the registered charity of that name (number 1172307) established on 28th March 2017;

  • Corporate Trustee means a Trustee which is a banking institution or trust company regularly engaged in the business of trust administration in which no Beneficiary has any controlling interest.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.