المادة 17: The Voluntary Withdrawal of the Fund Manager

Article 17: The Voluntary Withdrawal of the Fund Manager

a) If the Fund Manager wishes to voluntarily withdraw from managing the fund, the following requirements must be fulfilled:

1. Obtaining the approval of the unitholders of the relevant fund to replace the Fund Manager and appoint a replacement Fund Manager through an ordinary fund resolution .

2. Obtaining the approval of the replacement Fund Manager to manage the relevant fund .

3. Obtaining the Authority’s approval .

b) The voluntarily withdrawing Fund Manager must transfer the responsibilities of managing the relevant fund to the replacement Fund Manager within (60) days from the issuance of the Authority’s approval. The withdrawing Fund Manager shall, where necessary and appropriate, transfer to the replacement Fund Manager all contracts related to the relevant investment fund