FUNDS 17.1.1

(1) Subject to (2), this Chapter applies to an Authorised Person which is appointed as a Fund Administrator to either a Domestic or a Foreign Fund.
(2) This Chapter does not apply to a Fund Manager or Trustee to the extent that it carries on the Regulated Activity of Acting as the Administrator of a Collective Investment Fund within the Regulated Activities of Managing a Collective Investment Fund or of Acting as the Trustee of an Investment Trust.