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AN ACT TO PROVIDE FOR THE REGULATION OF INVESTMENT FUNDS IN THE BAHAMAS AND FOR MATTERS CONNECTED THERETO
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AN ACT TO PROVIDE FOR THE REGULATION OF INVESTMENT FUNDS IN THE BAHAMAS AND FOR MATTERS CONNECTED THERETO
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Secondly, the broader universe of pension funds may also be interested in these investments not so much because they are green, but because they provide an attractive return (whether environmental issues should be a considered within mainstream risk assessments by institutional investors is a topic beyond the scope of this paper). Pension funds are looking for long-dated assets with inflation protection, a steady yield and which have a low correction to the rest of their portfolio. This is particularly the case where investment or solvency regulations force funds into conservative assets which match their liabilities. If sizable. | AN ACT TO PROVIDE FOR THE REGULATION OF INVESTMENT FUNDS IN THE BAHAMAS AND FOR MATTERS CONNECTED THERETO Enacted by the Parliament of The Bahamas. Part I Preliminary. Short title. 1. 1 This Act may be cited as the Investment Funds Act 2003. 2 This Act shall come into operation on such day as the Minister may by notice published in the Gazette appoint. Interpre- 2. In this Act - tation. auditor means a person who is - a a professionally qualified accountant or b an accountant licensed to practice as such Ch. 364. under the Public Accountants Act Commission means the Securities Commission of The Bahamas established by section 3 of the Ch. 363. Securities Industry Act company means a body corporate incorporated or registered under the laws of The Bahamas or of any other jurisdiction constitutive documents means the principal 2 documents governing the formation of the investment fund and includes the trust deed in the case of a unit trust the memorandum and articles of association in the case of a company and the partnership agreement in the case of a partnership and all material agreements counsel and attorney11 has the same meaning as in Ch. 64. section 2 of the Legal Profession Act court means the Supreme Court of The Bahamas dormant fund means an investment fund to which section 22 of this Act applies equity interest11 means a share a trust unit or a partnership interest that carries an entitlement to participate in the profits or gains of the issuer thereof and that is redeemable or re-purchasable at the option of the investor Executive Director11 means the person appointed as Ch. 363. such under section 16 of the Securities Industry Act general partner means - a in respect of a partnership constituted under the laws of The Bahamas a general partner as defined under such law or b in respect of a partnership constituted under the laws of a jurisdiction other than The Bahamas a person equivalent to a general partner under the laws of The Bahamas 3 investment .
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