IN EXERCISE of the powers contained in Part X and section 221 of the Securities Act, 2016 the following
Regulations are hereby made:
In these Regulations, unless the context otherwise requires- “applicant” means a dealer or investment advisor who submits an application for an authorisation to establish a collective investment scheme or a person who applies for an authorisation to carry on business as a manager, trustee or custodian, or for an amendment of an application or variation of an authorisation, in accordance with the Act and these Regulations, as the case may be; collective investment scheme or scheme” means a collective investment scheme as defined in section
two of the Act;