Collective investment undertaking(s)
Past version: Effective from 01 Jul 2007 to 31 Dec 2011
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(a) The sole object of which is the collective investment of capital raised from the public in financial instruments or other assets and which operates on the basis of risk-spreading; and
(b) The holdings of which are re-purchased or redeemed, directly or indirectly, out of those undertakings' assets.
Amended: July 2007