Duty to supply information to Central Bank

(1) A financial institution shall furnish the Central Bank with the following information in respect of every unit scheme– (a) name and address of the scheme; (b) the name, address, place of birth and citizenship of each of the managers, administrators, advisers and custodians; (c) the educational and professional qualifications of each of the functionaries mentioned in paragraph (b) above; (d) details of business, occupation or employment of each of the functionaries mentioned in paragraph (b) above; (e) two personal references for each of the officers mentioned in paragraph (b) above; 14 (f) a statement as to whether the scheme is now or has been registered, licensed, recognised or authorised under any law or regulations relating to mutual funds, collective investment schemes or securities in any other country or jurisdiction; (g) a statement and explanation as to whether the promoter or any of its officers mentioned in paragraph (b) above have been the subject of– (i) a refusal of an application for registration, licence, recognition or authorisation; or (ii) a suspension, cancellation or revocation of registration, licence, recognition or authorisation, by any authority in any country or jurisdiction; (h) a statement and explanation on any judgment rendered or any suit, action or proceedings pending against any officer of the scheme or of any of its functionaries listed in paragraph (b) above, in civil proceedings in any court or tribunal in any country or jurisdiction which has been or is based in whole or in part on fraud, theft, deceit, misrepresentation or similar conduct; (i) a statement whether any of the functionaries mentioned in paragraph (b) above have been– (1) declared bankrupt or been party to bankruptcy or insolvency proceedings; or (2) subject to proceedings relating to winding-up, dissolution or creditor’s arrangement; or (3) subject to proceedings relating to receivership or creditor’s compromise, in any country or jurisdiction. (2) A statement whether any of the functionaries listed in paragraph (b) above has been or is being charged, indicted or convicted in any country or jurisdiction for an offence in any criminal or civil proceedings relating to fraud or theft arising out of dealing in mutual funds, collective investment schemes or securities. (3) A licensee shall provide an affidavit to the Central Bank in the form set out in the Schedule to these Regulations.