Collective investment undertaking(s) (CIU(s))

Collective investment undertakings ('CIUs') are undertakings:

(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: January 2012
Amended: July 2007