Section 181 Investments and Securities Act Section 181 of the Investments and Securities Act 2025 is about Liability of custodian for loss of assets. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: The custodian shall indemnify the investors against any loss or damage suffered in respect of money…

Section 180 Investments and Securities Act Section 180 of the Investments and Securities Act 2025 is about Status of assets. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: For the purpose of this Act any money or other assets received from an investor and assets of a scheme,…

Section 179 Investments and Securities Act Section 179 of the Investments and Securities Act 2025 is about Duties of trustees or custodians. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) A trustee or custodian shall —(a) ensure that the basis on which the sale, issue, repurchase or…

Section 178 Investments and Securities Act Section 178 of the Investments and Securities Act 2025 is about Suspension or revocation of registration of a trustee or custodian. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may revoke or suspend the registration of a trustee or…

Section 177 Investments and Securities Act Section 177 of the Investments and Securities Act 2025 is about Qualification and registration of trustee or custodian. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may by regulation prescribe the qualification and conditions for any person or institution…

Section 176 Investments and Securities Act Section 176 of the Investments and Securities Act 2025 is about Appointment and termination of appointment of trustee or custodian. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) A manager shall appoint either a trustee or a custodian for any scheme…

Section 175 Investments and Securities Act Section 175 of the Investments and Securities Act 2025 is about Irregular or undesirable practices. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may, by notice declare a particular practice or manner of administration of schemes to be an…

Section 174 Investments and Securities Act Section 174 of the Investments and Securities Act 2025 is about Power of the Commission to request audit. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may direct a manager to audit all books of accounts and financial statements…

Section 173 Investments and Securities Act Section 173 of the Investments and Securities Act 2025 is about Objection to misleading terms in a publication. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: The Commission may object to the terms of any price list, advertisement, brochure or similar document…

Section 172 Investments and Securities Act Section 172 of the Investments and Securities Act 2025 is about Cancellation or suspension of registration of a manager. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may cancel the registration of a manager where —(a) the manager has…