CIR 3.1.10 Guidance
Umbrella Fund may be constituted as a Protected Cell Company.
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.
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]