issuance of securities for sale to investors with the requirement that returns to the holders of the securities will depend on a flow of receipts generated from the assets which are transferred. “assets
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
regulations. If a provident fund which has been set up before the effective date of this Act is intended to be a fund under this Act, it shall proceed in accordance with the first paragraph. Section 7. A fund
capital market and the execution of transactions related to the capital market are efficient, transparent and protect investors’ interest, and to accommodate changes in the capital market and 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
arising from or related to its use. (1) treasury bills; (2) bonds; (3) bills; (4) shares; (5) debentures; (6) investment units which are instruments or evidence representing the rights to the property of a
its use. 2 (1) treasury bills; (2) bonds; (3) bills; (4) shares; (5) debentures; (6) investment units which are instruments or evidence representing the rights to the property of a mutual fund; (7
purpose juristic person shall be entitled to engage in those operations without a license under the law governing such operations. 5 Section 15. Transfer of assets which are rights of claims in the
foncier businesses, the special purpose juristic person shall be entitled to engage in those operations without a license under the law governing such operations. Section 15. Transfer of assets which are
under derivatives are provided as an ordinary course of business, and has been licensed or registered under this Act, excluding any center or network with the characteristics as specified in the