The Constitution of a Managed Investment Scheme (MIS) Includes Matters

question 16

Multiple Choice

The constitution of a managed investment scheme (MIS) includes matters such as:

• A) the cost of buying interests in the scheme.
• B) the name of the auditor of the MIS.
• C) both a and b
• D) none of the above.

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Definitions:

Loss

Loss refers to the reduction in value of an asset, or a decrease in financial wealth due to expenses exceeding revenues.

Transferred

The act of moving or conveying something from one place, person, or entity to another.

Ordinary Holder

A term used in finance to describe a person in possession of a negotiable instrument, like a check or bond, who has certain rights to it.

HDC (Holder in Due Course)

A party that has acquired a negotiable instrument in good faith and for value, therefore enjoying certain legal protections.