Private Fund Segregation of Assets Rule (2020)
This page presents necessary short excerpts on segregating the portfolio from the assets of relevant function holders and prohibiting its misuse. Permission to translate or reproduce the full CIMA rule remains to be confirmed, and the site does not mirror the PDF.
Regulatory passage
SourceRule 5.1 / 第5.1条
CIMA-PF-ASSET-SEGREGATIONEnglish original
The Portfolio must be segregated and accounted for separately from any assets of the Manager or Operator(s) or any Section 17 Person.
Editorial Chinese translation
投资组合必须与管理人、运营人或任何第17条指定人士的任何资产相分离，并单独进行会计核算。
Regulatory passage
SourceRule 5.3 / 第5.3条
CIMA-PF-ASSET-SEGREGATIONEnglish original
The overriding requirement of Rule 5.1 is that a Fund must ensure that no Manager, Operator or Section 17 Person uses the Portfolio to finance its own or any other operations.
Editorial Chinese translation
第5.1条的首要要求是，基金必须确保任何管理人、运营人或第17条指定人士均不得利用投资组合为其自身或任何其他业务提供融资。