Entire Section

  • CIR 10.1 CIR 10.1 Application

    • CIR 10.1.1 CIR 10.1.1

      (1) This chapter applies to a Fund Manager and Trustee of a Domestic Fund which is a Public Fund, and also to Persons providing the oversight function for such a Fund.
      (2) A Fund Manager and Trustee of a Public Fund are not subject to the oversight requirement in (1) if the Fund's investments are limited to those that require passive management and the Fund's systems and controls contain adequate measures to address any risks arising in that context.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

      • CIR 10.1.1 Guidance

        Funds are passively managed if they are investing in products such as index tracking products.

        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

    • CIR 10.1.2

      A reference in this chapter to:

      (a) a "Fund Manager" or "Trustee" includes a reference to a Person proposing to be the Fund Manager or Trustee of a Domestic Fund;
      (b) a "Fund" includes a reference to a Fund registered or seeking to be registered as a Public Fund; and
      (c) a reference to a "Person providing the oversight function" includes a reference to an individual or a body corporate appointed or to be appointed as a Person providing oversight function for a Fund.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]