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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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2-35-5 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
  • Monday, 13 February 2017

    The invitation to attend the meeting of the Unit holders assembly, should include an agenda, time and place of holding the meeting, shall be extended by one of the following methods: 1. Announcement in two local daily newspapers and the Exchange at least ten Business Days prior to the date of holding the meeting. 2. Registered mail letters to be sent to the Unit holders at least ten Business Days prior to the date of holding the meeting. 3. Emails or faxes at least seven Business Days prior to the date of holding the meeting. 4. Hand-deliver the invitation to the Unit holders or representatives thereof at least three Business Days prior to the date of holding the meeting and a photocopy of the invitation shall be notated as received. For the validity of announcement by the methods referred to in paragraphs (2), (3), and (4) of this Article, each participant shall have provided the Fund Manager with the data about the residence, email address, or fax number thereof and shall have agreed to be notified through such methods. The Fund’s Articles of Association shall also set forth the announcement by those methods. Any change of a participant’s information referred to in the previous paragraph shall not be approved unless the participant notifies the Fund Manager or the entity keeping the register of Unit holders of such change at least five Business Days prior to the announcement of the participant.

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