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CIR A3.1.1 Guidance

For the purpose of this section, a fundamental change to a Fund is likely to include:

a. any proposal for a scheme of arrangement;
b. a change in the investment policy to achieve capital growth from investment in one country rather than another;
c. a change in the investment objective or policy to achieve capital growth through investment in fixed interest rather than in equity investments;
d. a change in the investment policy to allow the Fund to invest in derivatives as an investment strategy which increases its volatility;
e. a change to the characteristics of a Fund to distribute income annually rather than monthly;
f. the introduction of limited redemption arrangements; or
g. a change of the custodian, trustee or other oversight arrangement.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]