Article 76 Of Chapter 8

Section: Collective Investment Schemes

A Collective Investment Scheme may exist in any of the following forms:

1 - Investment fund which is a corporate entity.

2 - Contractual Collective Investment Scheme related to movable or immovable assets intended to enable participants to participate in or gain from the profits accrued by acquisition, or ownership, or management, or disposition of such assets.

3 - Whatever mechanism the Authority decides to include as a Collective Investment Scheme. The Authority shall set rules for regulating Collective Investment Schemes, taking into consideration the provisions of this Chapter of the Law.

* Article (76) is amended pursuant to Law No. 22 of 2015 Amending Some Provisions of Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.