Anticipated study time 6 – 9 hours

The Unit Trusts Trusteeship module gives an in-depth look into the functions performed primarily by a collective investment scheme trustee.  A trustee is defined in the context of a collective investment scheme as “the caretaker of all cash and securities in a (collective investments) scheme”.  The topics that comprise this module dealing with this vital care taking function.

The 1st topic deals with all aspects of the collective investment scheme trustee, from the requirements that need to be met in order to register as a trustee or a custodian to the different types of trustees that exist.

The 2nd topic summarises the trust deed in all its parts, and outlines its place in a collective investment scheme.  The main deed is described in some detail.

The 3rd topic describes the duties and functions performed by a collective investment scheme trustee in detail in terms of best practice.