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Section 103: Company managing its own scheme

Securities Act · PART VIII: COLLECTIVE INVESTMENT SCHEMES

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

103. Company managing its own scheme (1) Subject to subsections (2) and (3), section 98 of this Act shall not apply to a company that manages its own scheme. (2) Any company wishing to manage its own scheme shall seek the prior approval of the Commission. (3) Any company wishing to manage its own scheme shall, in relation to that scheme, be subject to all the duties and obligations, conditions and requirements that apply to a CIS manager under this Act or as may be prescribed or specified in FSC Rules.

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