FUNDS 2.1.10

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

An arrangement does not constitute a Fund if the arrangement comprises a closed-ended Partnership or Body Corporate, unless on reasonable grounds the purpose or effect of such an arrangement appears to be the investment management, in the exercise of discretion for a collective purpose, of investments, for the benefit of the shareholders or partners.