Prior approval requirement for fund winding up or amalgamation; authority may impose conditions before any arrangement proceeds. Arrangements to wind up a fund or to amalgamate it with another fund require prior approval from the designated approving authority and are subject to ... Summary
Prior approval requirement for fund winding up or amalgamation; authority may impose conditions before any arrangement proceeds.
Arrangements to wind up a fund or to amalgamate it with another fund require prior approval from the designated approving authority and are subject to conditions that the authority may impose, creating a mandatory pre-approval requirement and regulatory oversight for any fund winding up or consolidation.
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