(1) In the case of a
Public Fund, if at any time after the size of the Fund's capital has reached the minimum size provided in its Constitution the size of that capital falls below that minimum size, the Fund Manager must immediately notify the DFSA of that fact.
(2) The notification under (1) must also:
(a) state the
Fund Manager's grounds for believing that the Fund is still commercially viable and the purpose of the Fund can still be accomplished; and
(b) be accompanied by the relevant
Unitholders' resolution supporting the Fund Manager's views in (1); or
(c) state what steps the
Fund Manager has taken or will take to wind up the Fund.