Cap. 571 sub. leg. M

Securities and Futures (Collective Investment Schemes) Notice(Cap. 571, section 393)(Enacting provision omitted—E.R. 5 of 2018) [1 April 2003] L.N. 12 of 2003(Format changes—E.R. 5 of 2018) 1. (Omitted as spent—E.R. 5 of 2018) 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. Schedule [s. 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.