Section 213

the constitution, management and operation of a licensed collective investment scheme;

{b)

the powers, duties, rights and liabilities of the operator and custodian of any such scheme;

the rights and duties of the participants in any such scheme; and

the winding up of any such scheme.

(ZJ

The collective investment scheme regulations may, in particular, make provision

as to the issue and redemption of the units under the collective investment scheme, the valuation and pricing of the property of the scheme and units in the scheme;

as to the expenses of the collective investment scheme and the means of meeting them;

for the appointment, removal, powers and duties of an auditor for the collective investment scheme;

for restricting or regulating the investment and borrowing powers exercisable in relation to the collective investment scheme;

for restricting or regulating conflicts of interest or related party transaction;

1390

If) requiring the keeping of records with respect to the transactions and financial position of the collective investment scheme and for the inspection of those records;

{g)

requiring the preparation of periodical reports with respect to the collective investment scheme and the provision of those reports to the participants and to the Authority; and

{h) with respect to the amendment of the collective investment scheme.

!3)

The collective investment scheme regulations may make provision as to the contents of the trust deed or the constitution of the scheme.

The collective investment scheme regulations are binding on the operator, custodian and participants independently of the contents of the trust deed or the constitution of the scheme.

Scheme particulars regulations.