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WHAT ARE THE LICENSING REQUIREMENTS FOR OPERATING A UNIT TRUST?

April 26, 2017licensing operating requirements Trust

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WHAT ARE THE LICENSING REQUIREMENTS FOR OPERATING A UNIT TRUST?

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For a unit trust, an application is made to the Securities and Exchange Commission (SEC) by a company licensed by the Commission as an investment adviser for a licence to establish a unit trust. The Securities and Exchange Commission (SEC) requires the following documents to be submitted to it for its review for the issue of a licence to operate a unit trust. i. Management Agreement ii. Trust Deed iii.