Section 207

"communicate" includes causing a communication to be made;

"custodian", in relation to any form of collective investment scheme, means any person to whom the property subject to the collective investment scheme is entrusted for safekeeping;

"operator", of a collective investment' scheme, which is an investment company, means-

{a)

the licensed corporate director of that company which is the management company;

{b)

in relation to a unit trust, the management company; and

{c)

in relation to a partnership, the general partner.

"participate",.in relation to a collective investment scheme, means becoming a participant in the collective investment scheme by reason of having invested in a collective investment scheme;

"promotion otherwise than to the general public" includes promotion in a way designed to reduce, so far as possible, the risk of participation by persons for whom participation would be unsuitable;

"trustee", in relation to a collective investment scheme, means the person holding the property in question on trust for the participants;

"unit trust" means a collective investment scheme whose constitution document is a trust deed between the management company and the trustee;

"unit of a unit trust" means one of the equal proportionate participation into which the beneficial interests in the trust assets are divided.

Restrictions on promotion of collective investment scheme.