unit trust scheme definition

unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;
unit trust scheme means any arrangements made for the purpose, or having the effect, of providing facilities for the participation by persons, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property whatsoever.
unit trust scheme means any arrangement made for the purpose, or having the effect, of providing facilities for the participation of persons as beneficiaries under a trust in profits or income arising from the acquisition, holding, management or disposal of

More Definitions of unit trust scheme

unit trust scheme means, unless the contrary intention appears, a private unit trust scheme within the meaning in subsection (2).
unit trust scheme means any arrangement made for the purpose of providing facilities for the participation of the public as beneficiaries under a trust in profits or income arising from the acquisition, holding, management or disposal of securities or any other property whatsoever;
unit trust scheme means a collective investment scheme under which the property in question is held on trust for the participants;
unit trust scheme means an authorised scheme under which the scheme property is held in trust for the investors.
unit trust scheme means any scheme or arrangement, in whatever form, including an open-ended investment company, in pursuance of which members of the public are invited to acquire an interest or undivided share (whether called a unit or by any other name) in one or more unit portfolios and to participate proportionately in the income or profits derived therefrom, whether the value of such interest, unit or undivided share which may be acquired remains constant or varies from time to time;[definition of “unit trust scheme” amended by Act 10 of 2011; not all changes of punctuation are indicated by amendment markings]
unit trust scheme means a Class Q Scheme under which the scheme property is held in trust for investors.
unit trust scheme means a collective investment scheme under which the property of the scheme is held in trust for the participants.