TMI BlogWinding up of collective investment schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... in the 3 [collective investment scheme] or on the accomplishment of the purpose of the 4 [collective investment scheme]. (2) Notwithstanding anything contained in sub-regulation (1), a 5 [collective investment scheme] may also be wound up- (a) on the happening of any event which, in the opinion of the trustee, requires the 6 [collective investment scheme] to be wound up and the prior app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the unit capital of the 13 [collective investment scheme] with a resolution that the 14 [collective investment scheme] be wound up and the approval of the Board is obtained. (3) Where a 15 [collective investment scheme] is to be wound up under sub-regulation (1) or sub regulation (2), the trustee shall give notice disclosing the circumstances leading to the winding up of the 16 [collective ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e trustee shall forward to the Board and the unit holders : (a) a report on the steps taken for realisation of assets of the 20 [collective investment scheme], expenses for winding up and net assets available for distribution to the unit holders, and (b) a certificate from the auditors of the 21 [collective investment scheme] to the effect that all the assets of the 22 [collective investm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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