The Capital Markets (Collective Investments Schemes) Regulations, 2023

63. Rights of a removed or retired fund manager

Edition: 2023-12-15 · In force

(1)Upon the removal or retirement of the fund manager, the removed or retiring fund manager—

(a)remains entitled to all participatory interests held or deemed to be held by it;

(b)may require the trustee to issue to it a certificate, where applicable, in respect of the participatory interests if not previously issued;

(c)is to be registered in the register in respect of those participatory interests; and

(d)thereafter has and may exercise all rights of a participant.

(2)Paragraphs (1)(b), (1)(c) and (1)(d) are subject to any restriction in the trust deed relating to the limited categories of participants.