Section 98: CIS managers
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.
98. CIS managers
(1) No person shall act as a CIS manager for a collective investment
scheme or hold himself out to act as a CIS manager for a collective investment scheme unless the person holds and is complying with the conditions
of a CIS manager licence.
(2) The Commission shall not grant a CIS manager licence to an applicant
unless—
(a) the applicant is a body corporate;
(b) the Commission is satisfied that the applicant will be able, if licensed, to comply with the requirements of the FSC Rules as to
the financial and other resources requirements needed by the
CIS manager for the collective investment scheme; and
(c) the applicant and each of its officers are fit and proper persons
and meet the requirements relating to eligibility, duties and obligations, rules of ethics and other such conditions as may be
specified in FSC Rules.