ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
148. Class meetings
Edition: 2023-12-15 · In force
148. Class meetings
(1)Where the trustee or custodian is of the opinion that any extraordinary resolution to be proposed is one in relation to an umbrella fund, between the participants in one constituent fund and the participants in another, that resolution shall be deemed to have been duly passed only, if instead of being passed at a single meeting of all participants, it shall be duly passed at separate meetings respectively of the participants in the one constituent fund and participants in the other, as the case may be.(2)This Part applies to each separate meeting held under subregulation (1) as it applies to other meetings.