‹ Operating a Collective Investment Undertaking (i.e. operator) AU-1.4.49 › AU-1.4.48 Operating a collective investment undertaking ('CIU') means operating, managing, establishing or winding up a collective investment undertaking. Amended: January 2022 Amended: July 2010 Amended: July 2007 ‹ Operating a Collective Investment Undertaking (i.e. operator) AU-1.4.49 ›