A deed must provide for the requirements applicable to the administration by a manager of a collective investment scheme in property and must, amongst others and as far as applicable, contain provisions regarding the following matters:
| (a) |
The investment policy to be followed in respect of each portfolio; |
| (b) |
the frequency and basis on which the assets of a portfolio are to be valued; |
| (c) |
the manner in which participatory interests are to be created or cancelled; |
| (d) |
the manner in which distributions are to be calculated and settled; |
| (e) |
the limits, terms and conditions under which a manager may for the account of a portfolio borrow money; |
| (f) |
the charges that may be levied and the method of calculation of those charges; |
| (g) |
not less than three months’ written notice must be given to every investor of an increase in any charge and of any change in the method of calculation which could result in an increase or the introduction of any additional charge; and |
| (h) |
the manner in which a deed may be amended. |
Statistics Act, 1999
