Scope, commencement and definitions
Classify the entity, product, security, investor and transaction using the current definitions.
Appointment of Administrator and Procedure for Refunding to Investors Regulations, 2018
Current regulation hub for Investor refunds, including regulation-wise controls, interpretation, examples, Q&A, forms and cross-law mapping.
20182018Investor refunds
Current status
Regulation-wise control map
Numbering control: These professional units must be joined to exact numbered regulations, provisos and schedules from the official consolidated PDF before a page is labelled verbatim law.
Registration or eligibility
Test registration, fit-and-proper, capital/net worth, infrastructure and continuing eligibility.
Governance and responsible persons
Map Board/trustee/compliance officer/key-person duties and conflict controls.
Permitted activity and restrictions
Define permitted business, prohibited conduct, concentration and related-party limits.
Investor/client onboarding and agreements
Apply KYC, suitability/appropriateness where relevant, disclosures, contracts and consent.
Valuation, pricing, fees and funds/securities
Control valuation, pricing, expense/fee, custody, segregation, bank and depository flows.
Disclosure and reporting
Map offer/listing/periodic/event disclosure, returns, website and record retention.
Conduct, inspection and enforcement
Apply fiduciary/fair conduct, audit/inspection, breach reporting, directions, suspension/cancellation and penalties.
Forms and schedules
Use current application, certificate, disclosure, reporting and fee schedules.
Amendment and transitional controls
Reconcile last amendment, saved approvals, open transactions and superseded circulars.