Section 105
of Securities Markets Regulations, 2015
Subsidiary LegislationIn forceProvision 105 of 199
Section 105
(2)
The notification must
(a)
state the operator's grounds for believing that the collective investment scheme is still commercially viable and the purpose of the collective investment scheme may still be accomplished; and
(b)
be accompanied by the relevant unit holders' resolution supporting the operator's views in paragraph (a); or
(c)
state the steps the operator have taken or will take to wind up the collective investment scheme.