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In forceAs enacted

Subsidiary Legislation

Securities and Futures (Collective Investment Scheme) (Excluded Arrangements) Notification 2018

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reg 1Citation and commencement

This Notification is the Securities and Futures (Collective Investment Scheme) (Excluded Arrangements) Notification 2018 and comes into operation on 25 December 2018.

reg 2Excluded arrangements

Subregulation 1

For the purposes of paragraph (xii) of the definition of “collective investment scheme” in section 2(1) of the Act, each of the following arrangements is not a collective investment scheme:

(a)

a securitisation transaction;

(b)

an arrangement that consists only of an issuance of structured notes.

Subregulation 2

In this paragraph —

“securitisation transaction” has the meaning given by section 262(3) of the Act;

“structured notes” has the meaning given by section 240AA(5) of the Act.