English: collective investment scheme

Part of speech

Noun, Masculine, Singular

Plural

cynlluniau buddsoddi torfol

Definition

A “collective investment scheme” is defined as an arrangement with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming owners of all or part of the property or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.