Hope admitted in April last year a charge of operating a collectiveinvestmentscheme without authorization.
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NOTE - The Link REIT 0823.HK is a collectiveinvestmentscheme constituted as a unit trust.
3
It said the largest collectiveinvestmentscheme has 116 million euros under management, with two regulated companies in Europe offering CFDs in bitcoins and litecoins.
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ENFORCEMENT SEBI began an investigation into the group in April 2010 after a government body brought Saradha's unregistered " collectiveinvestmentscheme" to its attention.
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The retail financial products and services include life insurance, pensions and annuities as well as collectiveinvestmentschemes.
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Hedge funds and other collectiveinvestmentschemes, many of which are also managed using offshore structures, are another favoured route.
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These provisions affect certain companies, partnerships with company members and managers of collectiveinvestmentschemes described in the legislation as NNPs.
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The Bank offers a range of retail banking services, as well as sells financial products, such as units in collectiveinvestmentschemes.
9
Under existing regulations, credit unions can invest in a range of specified investment classes including government securities, bank deposits, bank bonds and collectiveinvestmentschemes.