CIR A3.1.2
(1) The Fund Manager of a Public Fund must give prior written notice to Unitholders in respect of any proposed change to the operation of a Fund where the change constitutes a significant change.
(2) A "significant change" in (1) is a change or event which is not a fundamental change under CIR Rule A3.1.2 but:
(a) affects a Unitholder's ability to exercise his rights in relation to his investment;
(b) would reasonably be expected to cause the Unitholder to reconsider his participation in the Fund ;
(c) results in any increased payments out of the Fund Property to the Fund Manager , the Trustee or any other director or an associate of either; or
(d) materially increases other types of payment out of Fund Property .
(3) Changes may be significant depending in each case on their degree of materiality and effect on the Fund and its Unitholders . Consequently the Fund Manager will need to determine whether in each case a particular change is significant in nature or not and if the Fund is an Investment Trust obtain the Trustee's agreement of the outcome of the determination.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]
[Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]