Section 152 Investments and Securities Act

Section 152 of the Investments and Securities Act 2025 is about Principles for the administration of the scheme. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows:

(1) A manager shall administer a collective investment scheme honestly and fairly —
(a) with skill, care and diligence;
(b) in the interest of investors and the securities industry; and
(c) ensuring that the assets of the collective investment scheme are adequately protected and segregated.

(2) Every authorised scheme shall adhere to the principle of segregation and identification, as may be prescribed by the Commission.