‹ Guidance FUNDS 2.1 Exclusions › FUNDS 2. ARRANGEMENTS NOT CONSTITUTING A FUND FUNDS 2.1 Exclusions FUNDS 2.1.1 Deposits Common accounts Commercial activities unrelated to Regulated Activities Group arrangements Franchise arrangements Clearing services Certificates or Options Time-share and other 'property-enjoyment' related arrangements Bodies corporate not undertaking investment management Debentures and Warrants of a single issuer Insurance Profit Sharing Investment Accounts Discretionary Portfolio Accounts Close Relative accounts Sukuks Employee reward schemes Carried interest vehicles ‹ Guidance FUNDS 2.1 Exclusions ›
