CmaBylaw
Executive Bylaws
2-26-8 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Monday, 13 February 2017
The Fund Manager may postpone meeting any redemption application until the following Dealing Day or the following redemption date, in accordance with the Fund’s Articles of Association in any of the following cases: 1. If the total redemption requests of Unit holders on any Dealing Day or redemption date are 10% or more of the Fund’s Assets net value, provided that the manager is, in this event, committed to meeting the redemption requests less than 10% of the Fund’s Assets net value and that all the redemption requests shall be taken into account on a pro-rata basis. The redemption requests that are more than 10% of the Fund’s Assets net value are deferred to the next Dealing Day or redemption date. 2. If trading is suspended on the Exchange or regulated financial markets, in which trading in Securities or other assets owned by the Fund, or if trading is suspended on Securities that constitute a substantial value in the assets thereof.
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