Past version: effective from 11/07/2010 - 17/12/2018
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(1) This section applies in the case of a
(a) which is an
Islamic Fund, to its Fund Manager and where appointed, its Trustee; or
(b) which is an
Umbrella Fund with one or more Islamic Sub-Funds, to its Fund Manager and where appointed, its Trustee in respect of those Sub-Funds.
(2) The requirements that apply to a conventional
Fund apply equally to an Islamic Fund, except as otherwise provided in this chapter.
(3) In this chapter, except where otherwise provided, any reference to a
Fund is to an Islamic Fund or to an Islamic Sub-Fund of an Umbrella Fund as the case may be and any reference to a Fund Manager is a reference to a Fund Manager of such a Fund.