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Discussion Paper on International Co-operation in Relation to Cross-Border Activity of Collective Investment Schemes

Glossary of Terms

In the Discussion Paper the following terms are used with the following meanings:

the Working Group IOSCO Working Group No 5 on Investment Management.
CIS An open end Collective Investment Scheme.
the Principles The IOSCO Principles for the Regulation of Collective Investment Schemes, published at the IOSCO Annual Conference, Paris, July 1995.
operator (of CIS) The legal entity that has overall responsibility for the management and performance of functions of the CIS.
regulatory authority Regulatory authority or supervisor of CIS, or a combination of authorities, that derive power from a single statutory or government authority.
home jurisdiction Jurisdiction where the CIS is based.
foreign jurisdiction Jurisdiction where the CIS is being marketed or sold, outside the home jurisdiction.
foreign CIS CIS which is being marketed or sold outside its home jurisdiction into another jurisdiction.
home regulatory authority The regulatory authority of the jurisdiction where the CIS is based.
foreign regulatory authority The regulatory authority of the jurisdiction where the operator intends marketing the CIS, outside the home jurisdiction.

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