
ASISA rejects proposed ‘dualistic nature’ of CIS portfolios
ASISA warns that reclassifying collective investment scheme portfolios as profit-making schemes will undermine years of established investment policy.

ASISA warns that reclassifying collective investment scheme portfolios as profit-making schemes will undermine years of established investment policy.

The court’s interpretation and application of the conduit principle has implications for structures involving layers of multiple discretionary trusts.

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