CIR 3.1.10 Guidance
1. An Umbrella Fund may be constituted as a Protected Cell Company .
2. Unitholders of an Umbrella Fund are entitled to exchange rights they have in one Sub-Fund for rights in another Sub-Fund of the same Umbrella Fund — see Article 11(2) of the Law.
3. A Sub-Fund of an Umbrella Fund is not a Feeder Fund or any other form of a discrete Fund .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]