two parts. The first part prescribes the Qualifications of the CIS Operator, Trustee/Fund Supervisor, and requirements relating to Approval, Valuation, and Operational Matter. The second part prescribes

              oversight system are recognized by the European Commission as equivalence to that of                the EU Member States , or  iii. an independent audit regulator of a country that has been assessed under the

year after the effective date of the previously submitted registration statement, either Form 69 – CIS full or Form 69 – CIS annually update , as the case may be. In the case where there is a material