Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1241e
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1241E
Character Range: 5270861–5271375

1241E  Certain conduct relating to CCIVs is not providing a custodial or depository service
  Treat subsection 766E(3) as also providing that none of the following conduct constitutes providing a custodial or depository service:
 (a) operating as a CCIV;
 (b) operating the business and conducting the affairs of a CCIV;
 (c) holding the money or property of a CCIV.
Note: Holding the assets of a sub‑fund of a CCIV is covered by paragraph (c) and does not constitute providing a custodial or depository service.