TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Close-ended scheme units: no early repurchases; conversion allowed with disclosed terms and redemption option; rollover only with consent</h1> Units of a close-ended scheme launched after the specified amendment may not be repurchased prior to expiry of the scheme's maturity period, thereby prohibiting early buybacks. A close-ended scheme may be converted into an open-ended scheme provided the offer document discloses the conversion option and timeframe, and unitholders are given an option to redeem their units in full, thereby enabling conversion only with prior disclosure and redemption opportunity. A close-ended scheme must be fully redeemed at maturity, subject to the rollover provision that permits rollover for unitholders who give written consent after filing the offer document, while non-consenting unitholders' units shall be redeemed in full at NAV prevailing on maturity.
TaxTMI 
TaxTMI 
