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…

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,…