PART IV - ISSUES OF SECURITIES AND TAKE-OVERS AND MERGERS DIVISION 5 - UNIT TRUST SCHEMES AND PRESCRIBED INVESTMENT SCHEMES
Section 107. Duty of management company to lodge returns. etc.
(1) A management company-
(a) shall lodge with the Commission-
(i) the annual report of a unit trust scheme or a prescribed investment scheme within two months after the end of each financial year of the unit trust scheme or prescribed investment scheme; and
(ii) the annual report of the management company within six months after the end of each financial year of the management company; and
(b) shall deliver to the Commission such other statements, documents, books and other particulars as may be required by the Commission.
(2) Any document required to be lodged with or delivered to the Commission by a management company under subsection (1) shall be signed by at least one of the directors of the management company.
(3) A management company shall-
(a) send to every unit holder without charge a copy of the document referred to in subparagraph (1)(a)(i) within two months after the end of each financial year of the unit trust scheme or prescribed investment scheme; and
(b) where a unit holder requests for the document referred to in subparagraph (1)(a)(ii) and any additional copies of the document referred to in subparagraph (1)(a)(i) , send to the unit holder the document requested for within two months after the request is received and upon payment of a reasonable sum as may be determined by the management company.
(4) A management company shall ensure that all financial statements required to be lodged with or delivered to the Commission or required for distribution to any unit holder relating to the unit trust scheme or prescribed investment scheme shall comply with approved accounting standards.
(5) A management company who contravenes subsection (1) , (2) , (3) or (4) shall be guilty of an offence.