法邦网—法律法规查看

(Cap 571, section 393) [1 April 2003] L.N. 12 of 2003 (L.N. 207 of 2002) Cap 571M s 1 (Omitted as spent) (Omitted as spent) Cap 571M s 2 Certain arrangements to be regarded as collective investment schemes For the purposes of the Ordinance (other than the definition of "securities" in section 1 of Part 1 of Schedule 1 to the Ordinance), the arrangements set out in the Schedule are to be regarded as collective investment schemes. Cap 571M SCHEDULE [section 2] ARRANGEMENTS TO BE REGARDED AS COLLECTIVE INVESTMENT SCHEMES Item Description of arrangements 1. Any arrangements for the purchase of gold coins or gold bullion that are made available in the course of business and have the purpose or effect, or pretended purpose or effect, of enabling the participating persons- (a) to acquire the ownership of the coins or bullion for valuable consideration; (b) to defer taking possession of the coins or bullion; and (c) to transfer or retransfer the ownership of the coins or bullion to a person who is a party to, or is referred to in, the arrangements.