CmaBylaw
Executive Bylaws
2-26-9 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Monday, 13 February 2017
The Fund Manager may collect early redemption fees from any Unit holder requesting to redeem the Units thereof within thirty days as of the subscription date. The Articles of Association shall determine the early redemption conditions and the mechanism of fees calculation. The Authority shall set limits for such fees. The early redemption fees shall be deducted from the redemption amount, and paid to the Fund exclusively and directly and may not be paid to the Fund Manager.
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