Section 106
of Securities Markets Regulations, 2015
Section 106
(2)
An operator of a collective investment scheme or where appointed, the trustee, may, subject to any restriction in the constitution of the collective investment scheme and any provisions of these Regulations, delegate any of its investment activities or services, or outsource known collectively in these
Regulations as outsourcing, any of its functions to a service provider whether that service provider is located in or outside Brunei Darussalam.
(3)
Where an operator or the trustee delegates any investment activities or services, or outsources any functions, the operator or the trustee remains liable to the unit holders for any acts or omission of the service provider as if they were the acts or omission of the operator or trustee.
Delegation by operator.