Article 84 Of Chapter 8
Section: Collective Investment Schemes
A manager of a Collective Investment Scheme shall not make any amendments to the Contract or Articles of Association of the Scheme unless approved by the Authority. The Authority – if it finds that the proposed amendments shall affect the acquired rights of unit holders – may request the Scheme manager to acquire the approval of more than 50% of the capital on those amendments.
* Article (84) is amended pursuant to Law No. 22 of 2015 Amending Some Provisions of Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.