Part 2 Part 2 Amendments
The Regulatory Law 2004 shall be amended as prescribed in this Law.
Article 108 (2), is replaced as follows: "(2) An application in relation to a Fund may be made to the Court for an order sanctioning a transfer scheme. An application may be made by:(a) the Fund concerned;(b) the Operator, Trustee or auditor of the Fund concerned; or(c) the transferee."
In Defined Terms of the Schedule, insert the following definition:
Trustee has the meaning given in Article 2 of Schedule 1 to the Investment Trust Law 2006
In Defined Terms of the Schedule, the definition of "Collective Investment Prohibitions" is replaced as follows:
Collective Investment Prohibitions the general and marketing prohibitions prescribed under Articles 17 and 18 of the Collective Investment Law 2006.