An arrangement does not constitute a Collective Investment Fund if all of the following conditions are met:
(a) the arrangement is an Employee Money Purchase Scheme and the DFSA has approved that Scheme under COB Rule 12.2.2;
(b) the Scheme is operated by an Authorised Firm that is authorised to Operate an Employee Money Purchase Scheme; and
(c) the Scheme is administered by an Authorised Firm that is authorised to Act as the Administrator of an Employee Money Purchase Scheme.
Added from RM265/2019 (Made 18th December 2019). [VER27/01-20]