المادة 94(a): Consent of Unitholders to Changes

a. A fund manager must obtain the consent of unitholders in the relevant fund by way of an ordinary fund resolution on the following changes:

1) a change which significantly changes the purposes, nature or class of the private fund;

2) the change that has an impact on the risk level of the private fund;

3) the change that results in a material increase of the aggregate payments made out of the assets of the closed-ended private fund;

4) the change that will make a negative or material effect on the rights of unitholders in relation to the closed-ended private fund;

5) the change of the due date or maturity date of private fund.

6) Any other cases determined by the Authority from time to time and reported to the fund manager.