TMI BlogPayment due for the services rendered to the unitholders prior to the winding up - Even if a distributor...Payment due for the services rendered to the unitholders prior to the winding up - Even if a distributor renders some services to the unitholders after publication of the notice under Regulation 39(3)(b), it would not entitle him to claim an amount from the asset management company. The Circular dated 22nd October 2018 cannot override the Regulations. The Circular does not intend to do so. It has been issued to bring about transparency in expenses, reduce portfolio churning and mis-selling in mu..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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