62. Winding up required by a Fund's Constitution

Past version: effective from 18/04/2006 - 31/07/2006
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The Constitution of a Fund may provide that the Fund is to be wound up:

(a) at a specified time; or
(b) in specified circumstances or on the happening of a specified event;
but a provision of the Constitution that purports to provide that the Fund is to be wound up if a particular Authorised Firm ceases to be its Operator is of no effect including for the purposes of Article 65(1)(a).