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PIB A5.7.9

In this method, positions in Funds must be treated as positions in the underlying investments of the Fund. Netting is permitted between positions in the underlying investments of the Fund and other positions held by the Authorised Firm, as long as the Authorised Firm holds a sufficient quantity of Units to allow for redemption/creation in exchange for the underlying investments.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]