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Explain the differences between redemptions between liquid and illiquid schemes. Note when a scheme is required to have a compliance committee.Provide details of the compilation

  1. Explain the differences between redemptions between liquid and illiquid schemes.
  2. Note when a scheme is required to have a compliance committee.Provide details of the compilation and responsibilities of this committee and its members (you will need to refer to the CA)
  3. When does a managed investment scheme have to be registered? Note also the exemptions to this.

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