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,…

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…