ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
62. Resignation of fund manager
Edition: 2023-12-15 · In force
62. Resignation of fund manager
(1)A fund manager may resign by giving three months’ notice to the trustee and shall give the reasons for the resignation.(2)The trustee shall upon receipt of the notice of resignation by the fund manager in subregulation (1) and within the notice period find a replacement subject to the approval by the unit holders and the Authority.(3)The trustee shall enter into agreements with the new fund manager in order to secure the due performance of its duties as fund manager.