Appointments

(1) There shall be appointed a Registrar of Mutual Funds, who shall be appointed by the Minister responsible for the administration of this Act. (2) The Registrar has, (a) the duty to supervise mutual funds, managers and administrators in accordance with this Act; (b) in and for the discharge of that duty, the powers conferred upon him by this Act; 14 (c) the power to prescribe such forms as he considers necessary for the purposes of this Act or the regulations; and (d) the authority to issue directives and policy guidelines for the purposes of this Act or the (3) The Registrar may, upon request by any person to whom this Act applies and the payment of the fee set out in Part I of the Second Schedule or such other amount as may be prescribed by regulations, issue to such person a certificate of compliance in such form as the Registrar thinks fit.