The Capital Markets (Alternative Investment Funds) Regulations

25. Manner of winding up

Edition: 2023-12-15 · In force

(1)Pursuant to regulation 23 on winding up of a fund, a fund manager shall wind up—

(a)A fund set up as a trust in accordance with the provision of its formation documents;

(b)A fund set up as a limited liability partnership, in accordance with its formation documents; and

(c)A fund set up as a company shall be wound up in accordance with the provisions of the Companies Act (Cap. 486).

(2)The Authority shall require a final account from the fund manager upon conclusion of the winding up of the fund.

(3)Upon winding up of the fund, the approval by the Authority shall stand revoked.