Which is to provide whether conditionally or

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Unformatted text preview: eement the purpose or effect, or pretended purpose or effect, of which is to provide, whether conditionally or unconditionally, to any party to the agreement a profit, income or other returns calculated by reference to changes in the value of any property, but does not include an interest in a collective investment scheme. (Note 2) "Collective investment scheme" (集體投資計劃) means arrangements in respect of any property(i) under which the participating persons do not have day-to-day control over the management of the property, whether or not they have the right to be consulted or to give directions in respect of such management; (ii) under which(A) the property is managed as a whole by or on behalf of the person operating the arrangements; (B) the contributions of the participating persons and the profits or income from which payments are made to them are pooled; or (C) the property is managed as a whole by or on behalf of the person operating the arrangements, and the contributions of the participating persons and the profits or income from which payments are made to them are pooled; and (iii) the purpose or effect, or pretended purpose or effect, of which is to enable the participating persons, whether by acquiring any right, interest, title or benefit in the property or any part of the property or otherwise, to participate in or receive(A) profits, income or other returns represented to arise or to be likely to arise from the acquisition, holding, ma...
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This document was uploaded on 03/29/2014.

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