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  • [C] [C]

    • CIU participant(s)

      A CIU participant (also generally known as a unitholder) is an investor in a CIU holding one or more units of beneficial interest in the CIU by whatever name it is called.

      Amended: April 2022

    • Closed-ended fund(s)

      Closed-ended funds are CIUs with a limited number of units of beneficial interest in the CIU which are not normally redeemable until the fund liquidates. Typically, an investor can acquire or dispose of units in a closed-ended fund by buying or selling them on a secondary market, from a market intermediary or other investors, rather than by dealing with the CIU itself.

      Amended: April 2022

    • Collective Investment Undertaking(s) ('CIUs')

      Collective investment undertakings (‘CIUs’) are undertakings, the sole object of which is the collective investment of capital raised from the public or through private placement, including investment seeded by the operator, in financial instruments and other assets in accordance with a defined investment policy.

      Amended: April 2022

    • Connected Parties

      Connected parties are parties where one party owns, directly or indirectly, 20% or more of the voting rights or beneficial ownership interest of the other party.

      Amended: April 2022

    • Contractual CIU

      Contractual CIUs are CIUs established by way of a contract between the CIU operator and CIU participants.

      Added: April 2022

    • Custodian(s)

      A custodian is a person mandated to hold and safeguard financial instruments and other assets for the account of a CIU.

      Amended: April 2022