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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]