Retirement Fund (Amendment) Act 2015 · s 2

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 2Amendment of section 2

The Retirement Fund Act 2007 [Act 662], which is referred to as the “principal Act” in this Act, is amended in section 2—

(a)

by inserting before the definition of “committee” the following definition:

‘ “debenture” includes debenture stock, bonds, notes and any other securities of a company or corporation whether or not constituting a charge on the assets of the company or corporation;’;

(b)

in the definition of “securities”—

(i)

in paragraph (b), by deleting the word “and” at the end of the paragraph;

(ii)

by substituting for paragraph (c) the following paragraph:

“(c) unit trusts, exchange traded fund or prescribed instruments; and”; and

(iii)

by inserting after paragraph (c) the following paragraph:

“(d) any Islamic securities,”; and

(c)

in the definition of “company”, by inserting after the words

“[Act 125]” the words “, a trust company incorporated under the Trust Companies Act 1949 [Act 100] or any company incorporated under any written law”.