المادة 68: Deferring Redemptions

Article 68: Deferring Redemptions

a. A fund manager may defer fulfilling a request for redemptions from an open-ended public fund until the next dealing day if the total of all unitholders’ redemption requests to be fulfilled on any dealing day amounts to a total of (10%) or more of the net asset value of the fund.

b. Each fund manager must adopt fair and equitable procedures by which those redemption requests which are to be deferred are selected and disclose those procedures in the Fund’s Terms and Conditions.