ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
97. General
Edition: 2022-12-31 · In force
97. General
(1)In this part, 'amalgamation' means a scheme of arrangements whereby the whole of the collective investment scheme portfolio becomes the collective investment scheme portfolio (but not the first collective investment scheme portfolio) of a regulated collective investment scheme and whereby holders in the collective investment scheme receive shares in the regulated collective investment scheme and reference to a collective investment scheme includes a sub-fund or equivalent separately pooled part of such a scheme.(2)"Reconstruction" in relation to a collective investment scheme (which in this definition includes a sub-fund) is a scheme of arrangement whereby:—(a)part of the collective investment scheme portfolio becomes the collective investment scheme portfolio of a regulated collective investment scheme (which includes a sub-fund or equivalent separately pooled part, of a regulated collective investment scheme); or(b)the whole of that collective investment scheme portfolio becomes the collective investment scheme portfolio of two or more regulated collective investment schemes; or(c)the whole of that collective investment scheme portfolio becomes the first collective investment scheme portfolio of a regulated collective investment scheme.