62. Winding up required by a Fund's Constitution

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 or Trustee is of no effect including for the purposes of Article 65(1)(a).