Section 75: Other provisions relation to operation of collective investment schemes

(1) Other provisions and operational procedures required to be made and followed for the operation of a collective investment scheme to be operated by a scheme manager in consonance with the interests of participants shall be as prescribed.

(2) The Regulation shall contain the following matters in relation to the operation of a collective investment scheme:

(a) Procedures and terms relating to the registration and permission of the collective investment scheme,

(b) Statute of the collective investment scheme, functions and duties of the scheme manager and depository and rights and obligations of participants,

(c) Promotion of the unit, market management and distribution,

(d) Issue and discount of unit,

(e) Other provisions relating to depository service and scheme,

(f) Regulating and managing the provisions relating to loans and advances of the collective investment scheme,

(g) Provisions relating to the maintenance of records in such manner as to clearly reflect the transactions and financial situation related to the collective investment scheme and provisions relating to inspection of such accounts and other necessary accounts and records,

(h) Periodic reports relating to the collective investment scheme and submission of such reports to the participants of the scheme and the Board,

(i) Fees, remunerations and charges to be collected for the provision of the service referred to in clause (e),

(j) Management of investment and loan of the fund of the collective investment scheme.

(3) In making the regulation incorporating the provisions referred to in sub-section (1), in relation to the operation of the collective investment scheme, such regulation may provide for different provisions for different types of collective investment schemes