These Rules may be cited as the Securities (Collective Investment Schemes) Rules.
In these Rules, unless the context otherwise requires-
Interpretation
“bond scheme” means a scheme, the primary objective of which is to invest in debt securities which have a
remaining term to maturity of one year or more;
“collective investment scheme” or “scheme” means a collective investment scheme as defined in section
seventy-two of the Act;
“connected person”, in relation to a company, means-
(a) any person or company beneficially owning, directly or indirectly, twenty per cent or more of the
ordinary share capital of that company or able to exercise, directly or indirectly, twenty per cent or more of
the total votes in that company;
(b) any person or company controlled by a person who meets one or both of the descriptions given in
paragraph (a);