BUILDING ACT 2004 - SECT 96 Approval of fidelity fund schemes

BUILDING ACT 2004 - SECT 96

    (1)     The territory planning authority may approve a fidelity fund scheme.

    (2)     An application for approval of a fidelity fund scheme must—

        (a)     be signed by all the trustees of the scheme; and

        (b)     be accompanied by—

              (i)     a copy of the trust deed certified in accordance with the approval criteria; and

              (ii)     any other information prescribed under the approval criteria.

    (3)     The territory planning authority may approve a fidelity fund scheme only if the scheme complies with the approval criteria.

    (4)     An approval is a notifiable instrument.

Note     A notifiable instrument must be notified under the Legislation Act

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