Section 171 Investments and Securities Act Section 171 of the Investments and Securities Act 2025 is about Powers of the Commission after investigation. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) Where the Commission, after an investigation or inspection under section 170 of this Act, considers that…

Section 170 Investments and Securities Act Section 170 of the Investments and Securities Act 2025 is about Investigation and inspection. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The Commission may —(a) undertake continuous inspection of the business operations as it relates to a collective investment scheme’s…

Section 169 Investments and Securities Act Section 169 of the Investments and Securities Act 2025 is about Misappropriation of clients’ funds. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) A manager, trustee or custodian shall not —(a) misappropriate funds or securities of a client; or(b) withhold, refuse,…

Section 168 Investments and Securities Act Section 168 of the Investments and Securities Act 2025 is about Investment of a scheme fund. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) A scheme fund shall be invested by a manager in accordance with the provisions of the trust…

Section 167 Investments and Securities Act Section 167 of the Investments and Securities Act 2025 is about Fair market price. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: A unit or participatory interest shall be valued at its fair market price and the Commission may by regulation prescribe…

Section 166 Investments and Securities Act Section 166 of the Investments and Securities Act 2025 is about Audit of accounts of a scheme and annual general meeting. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) The manager of an authorised scheme shall cause proper books of account…

Section 165 Investments and Securities Act Section 165 of the Investments and Securities Act 2025 is about Liabilities of trustees and custodians under a scheme. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: Any provision in the trust deed or custodial agreement in which are expressed the trusts…

Section 164 Investments and Securities Act Section 164 of the Investments and Securities Act 2025 is about Prohibition of certain transactions and profits. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) A company that is a manager under a scheme or is a subsidiary or holding company…

Section 163 Investments and Securities Act Section 163 of the Investments and Securities Act 2025 is about Redemption of units or securities. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: (1) Whenever the holder of units or participatory interest of an authorised open-ended scheme so requests, the manager…

Section 162 Investments and Securities Act Section 162 of the Investments and Securities Act 2025 is about Liability for material misstatement. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows: A manager of a scheme who offers or sells by means of a letter, notice, circular, document or oral…