Section 75
of Securities Markets Regulations, 2015
Subsidiary LegislationIn forceProvision 75 of 199
Section 75
(1)
This Chapter applies to any person who 231
{a)
markets or intends to market a unit of a collective investment scheme by offering it for issue or sale; or
{b)
undertakes or intends to undertake a transaction in a unit of a collective investment scheme.
(2)
Unless expressly provided otherwise, this Chapter does not apply
{a)
to a person who establishes or operates a collective investment scheme;
(b)
where an offer is made or directed by a regulated person to a market counterparty; or
(c)
to a regulated person if it undertakes a transaction for the purpose of disposing of a unit in a collective investment scheme for or on behalf of a unit holder in that collective investment scheme.
Prospectus of collective investment scheme.