A retail CCIV's constitution must do the following:
(a) make provision for the establishment of sub-funds, and classes of shares referable to sub-funds;
(b) make provision for the method by which complaints made by members in relation to the CCIV are to be dealt with;
(c) state that the CCIV has the power to borrow or raise money;
(d) if there are to be any limits on the CCIV's exercise of the power to borrow or raise money--sets out those limits;
(e) if the CCIV is to acquire in respect of any of its sub-funds, one or more shares that are referable to another of its sub-funds--make provision for such acquisitions.