INVESTMENTS AND SECURITIES ACT

Section 155: Principles for the administration of the scheme.

2007Section 155 of 316Federal Republic of Nigeria

(1) A manager shall administer a collective investment scheme:
(a) honestly and fairly;
(b) with skill, care and diligence; and
(c) in the interest of investors and the securities industry.
(2) Every authorised scheme shall adhere to the principle of segregation and identification, as may be prescribed by the Commission from time to time.

Cite this section

Section 155, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/155/