|
Article 2
|
The term "beneficial certificate" as used in these Rules includes:
- Any beneficial certificate for an offering of a closed-end securities investment trust fund issued by a securities investment trust enterprise ("SITE") pursuant to the Regulations Governing Securities Investment Trust Funds.
- Any of the following beneficial certificates issued for an offering of an exchange-traded securities investment trust fund ("ETF") by a SITE pursuant to the Regulations Governing Securities Investment Trust Funds, by an offshore fund manager or its designated institution ("offshore fund entity") pursuant to the Regulations Governing Offshore Funds, or by a futures trust enterprise pursuant to the Regulations Governing Futures Trust Funds:
- Beneficial certificates issued by a SITE for an offering of a securities investment trust ETF ("securities investment trust ETF") (such certificates hereinafter called "securities investment trust ETF beneficial certificates):
- The term "securities investment trust ETF with domestic component securities" refers to an ETF in which the component securities of its underlying index are all domestic securities.
- The term " securities investment trust ETF with foreign component securities" refers to an ETF in which the component securities of its underlying index contain one or more foreign securities, or to an ETF as specified under Article 37, paragraph 4 of the Regulations Governing Securities Investment Trust Funds ("linked ETF").
- The term "leveraged or inverse securities investment trust ETF" refers to an ETF that tracks, simulates, or replicates a multiple of the performance of an index ("leveraged ETF") or a multiple of the inverse performance of an index ("inverse ETF").
- Any beneficial certificate, fund share or investment unit issued for an offering of an offshore ETF ("offshore ETF") issued by an offshore fund entity ("offshore ETF beneficial certificates").
- Any beneficial certificate issued by a futures trust enterprise for an offering of an exchange-traded futures trust fund ("futures ETF") (such certificates hereinafter called "futures ETF beneficial certificate"). If intended to track, simulate or replicate the performance of its underlying indexes in the positive direction ("leveraged futures ETF") or opposite (inverse) direction ("inverse futures ETF"), the fund is called a leveraged or inverse futures ETF.
- Any foreign-currency beneficial certificate of a fund offered by a SITE pursuant to item 1 ("underlying ETF beneficial certificate").
- Any beneficial certificate issued by a trustee institution for the establishment of a real estate investment trust ("REIT") fund pursuant to the Real Estate Securitization Act.
|