Section 23
Subsidiary acting as a participating dealer
ActIn forceProvision 23 of 768
Section 23
(2)
For the purposes of subsection (1), a “participating dealer”
refers to a person appointed by the management company of an exchange-traded fund and is responsible for the in-kind creation and redemption of exchange-traded fund units.
Protection of third parties in other cases where a subsidiary acts as a dealer in securities