Document ID: chunk:federal_register_of_legislation:F2022C00868:reg:55:p3
Version: federal_register_of_legislation:F2022C00868
Segment Type: reg
Provision Reference: reg 55 (pt 3/4)
Character Range: 117235–120003

opinion of the home regulator for the passport fund holding an interest in the CIS, notified in writing to the operator of the fund by the home regulator, is subject to regulation that is broadly similar in effectiveness to that applying to a regulated CIS in the home economy for the passport fund having regard to the IOSCO Principles relating to collective investments.
financial market means a facility through which offers to acquire or dispose of assets in which a passport fund may invest under section 19 are regularly made or accepted that is regulated in an IOSCO jurisdiction.
independent oversight entity: see section 14.
index fund means a passport fund that has publicly disclosed that it has an investment strategy of seeking to achieve returns that track an eligible index excluding on a leverage or an inverse basis.
interest means the right to a benefit produced by a CIS.
IOSCO means the International Organization of Securities Commissions.
IOSCO assessment methodology means the IOSCO Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation published in September 2011, as revised from time to time.
IOSCO financial services related business means an entity that carries on business in a financial, capital markets or financial services industry and is regulated in an IOSCO jurisdiction or an entity that provides legal, accounting or compliance services related to that kind of business or consultation services relating to, and addressing particular issues arising in, the operation of CIS.
IOSCO jurisdiction means a jurisdiction in which the securities regulator is an ordinary or associate member of IOSCO.
IOSCO Principles means the Objectives and Principles of Securities Regulation published by IOSCO, as revised from time to time.
jurisdiction includes any administrative region that has a securities regulator that is a member of IOSCO.
laws of a host economy for a passport fund means the laws of that host economy, to the extent that the laws are administered by the host regulator for the fund for that host economy.
Note: Laws include regulations and other regulatory requirements.
laws of the home economy for a passport fund means the laws of the home economy for the fund, to the extent that the laws are administered by the home regulator for the fund.
Note: Laws include regulations and other regulatory requirements.
market price, in relation to an asset or an interest, is the prevailing price at which it was last transacted or bid for on the financial market on which it was last traded at the time of valuation and if traded simultaneously the financial market determined by the valuation entity under section 53.
member of a CIS means a person who holds an interest in the