What is CIS in financial terms?

What is CIS in financial terms?

Collective investment schemes—essentials. A collective investment scheme (CIS) is an investment fund used for collective investment by investors. Their money is invested on a pooled basis by an investment manager in return for a fee.

How do I invest in CIS?

Eligibility for CIS Registration

1. The applicant has to be set up and registered as a company under the Companies Act of 1956.
2. The applicant has specified the management of collective investment schemes as one of the main objects in its Memorandum of Association.

Is an investment trust a CIS?

The most common types of CIS are: authorised unit trusts; open-ended investment companies (OEICs); investment trusts.

What is cis stand computational?

Computer Information Science (CIS) is a quickly-growing field which covers a wide range of topics, including those traditionally covered in Information Technology (IT) and Computer Science (CS).

Who is a trustee in CIS?

Any person who is registered with the Board as a Debenture Trustee under the SEBI (Debenture Trustee) Regulations, 1993, is eligible to be chosen a Trustee of the CIS. Form C shall be submitted by the Collective Investment Management Company to the Board with regard to the Trustees so appointed.

Are mutual funds CIS?

Though Collective Investment Scheme (CIS) and Mutual Funds are a pool of investors money, they both are different. Mutual fund is a regulated market with SEBI and AMFI as a regulatory body. Collective Investment Scheme (CIS) also collects funds from investors with a mutual interest in investing a particular asset.

What is a residual CIS operator?

a firm with a Part 4A permission to carry on the activity specified in article 51ZE (Establishing etc. a collective investment scheme) of the Regulated Activities Order.

What is CIS stands for in IOT?

Center for Internet Security (CIS)

Is CIS a trust?

As per the Collective Investment Scheme Regulations, 1999, it is imperative that the CIS is constituted in the form of a Trust. It is the Collective Investment Management Company that appoints the Trustee who holds the property of the CIS.

What is a CIS operator?

CIS operator means a person who operates a regulated CIS under an authorisation of the passport economy regulator, whether as responsible entity, trustee, management company or otherwise. Sample 1. Sample 2. CIS operator means any person responsible for management of foreign collective investment scheme.

What is a regulated CIS?

A regulated CIS is any of the following: (i) a UK authorised unit trust; (ii) a UK authorised investment company with variable capital (ICVC); (iii) a CIS recognised under s.264 FSMA (i.e. a scheme constituted in another EEA state); or. (iv) a CIS recognised under s.