Entire Section
CIR 3.1.10 CIR 3.1.10
A
Fund is anUmbrella Fund if the contributions of theUnitholders in theFund and the profits or income out of which payments are to be made to them are pooled separately in a number ofSub-Funds constituting separate parts of theFund Property .Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]CIR 3.1.10 Guidance
1. AnUmbrella Fund may be constituted as aProtected Cell Company .2.Unitholders of anUmbrella Fund are entitled to exchange rights they have in oneSub-Fund for rights in anotherSub-Fund of the sameUmbrella Fund — see Article 11(2) of the Law.3. ASub-Fund of anUmbrella Fund is not aFeeder Fund or any other form of a discreteFund .Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]