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ARR-B.1.1

Collective investment undertakingsG ('CIUs') are undertakings:

(a) The sole object of which is the collective investment of capital raised from the public or through private placement, including investments seeded by the operatorG , in financial instrumentsG and other assets and which operates on the basis of risk-spreading as appropriate; and
(b) The holdingsG of which may be re-purchased or redeemed out of those undertakings' assets, as appropriate.
April 2012
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(1 Version)
 
Apr 1 2012 onwards
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