Rules for the administration of a collective investment scheme in participation bonds |
2. Valuation of property and screening of borrower
5. Maximum amount of bond: Collateral security
6. Valuation, maintenance and inspection of property
8. Safe custody of documentation
9. Offer of participatory interests
10. Disclosure of information in application form
11. Receipt of funds for investment in a scheme
12. Funds received in reduction of principal debt
13. Registers to be kept by manager
14. Power of manager to exercise and enforce rights of participants under participation bonds
15. Rights of participants: recovery of debts
16. Rights of participants: legal proceedings
17. Duty of participants to refund legal costs not recovered
18. Assets of nominee company not included in a scheme
19. Distribution of funds received in reduction of principal debt
20. Payment of interest to participants
22. Cession, transfer or encumbering of participatory interest and withdrawal of investment
24. Appointment of new manager
26. Duty of manager upon termination of scheme
27. Amalgamation and cession of rights or take-over of nominee company
29. Electronic and telephonic transacting