the management of investments under a mutual fund project by issuing investment units of each project for sale to the public and bringing proceeds thereform to invest in, or procure for profit from
thereform to invest in, or procure for profit from holding in, securities, derivative, or any other properties, or invest in or procure for profit by other means. "private fund management"2 means the
management • In managing a mutual fund, the AMC must proceed with honestly and care to preserve the interests of all unitholders, using knowledge and competence as a professional. • The AMC must have a policy
proceed in accordance with Section 31/7; in this regard, the retiring board members shall remain in office until the successor assumes duties.” SECTION 6 The following provisions shall be added as (1/1) and
proceeds thereform to invest in, or procure for profit from holding in, securities, derivative, or any other properties, or invest in or procure for profit by other means.” * Readers should be aware that
, for profit and has been licensed or registered under this Act, excluding those derivatives fund managers with the characteristics as specified in the notification of the SEC. “derivatives exchange
termination of employment or old age, the fund manager or the liquidator shall proceed with the employee’s intention, providing that the registrar may prescribe the criteria and condition.” SECTION 10. The
special purpose juristic person shall be deemed to have been approved to offer for sale newly issued securities and shall be entitled to proceed with the offering of the securities for sale in accordance
under this Act, it shall proceed in accordance with the first paragraph. Section 7. A fund which has been registered shall become a juristic person. 2 indicated amendment by the Provident Fund Act (No.2