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Section 50

In relation to each type of scheme, the Registrar shall have the power to specify—

of Interest Schemes Act 2016

ActIn forceProvision 50 of 92
Section 50

(a)

the duties, obligations and conduct of a management company;

(b)

the duties and obligations of the trustees;

(c)

the calculation of issued price and buy back price of each unit of interest;

(d)

the management of funds of the scheme;

(e)

the requirements relating to meetings of interest holders;

and

(f)

any other matters to the benefit of interest holders.

Accounts and Audit