|
Article 8
|
An offshore fund institution may mandate an approved SICE, securities investment trust enterprise ("SITE"), or securities broker to act as master agent to offer and sell offshore funds.
The offshore fund institution shall draw up and sign a personnel training program with its master agent. Directions for such training programs, and any subsequent amendments thereto, shall be drafted by the SITCA and ratified by the FSC.
A securities broker acting as a master agent under these Regulations may sign brokerage agreements for investment in foreign securities with its investors.
A securities brokers acting as a master agent under paragraph 1 shall join the SITCA.
|