Home   Browse contents   View updates   Search  
     Quick search

Whole SectionText only Print Print Manager Link

(2 versions)
Apr 18 2006 - Jul 31 2006Aug 1 2006 - Jul 11 2010

27. Retirement or removal of an Operator

Whole Section PDF

Past version: effective from Aug 1 2006 - Jul 11 2010.
To view other versions open the versions tab on the right.

To view past versions of this module in PDF format, please visit the Archive.

(1) The DFSA may make Rules prescribing the manner and circumstances in which:
(a) an Operator may retire;
(b) Unitholders in a Fund may resolve to remove an Operator;
(c) the DFSA may withdraw an Operator's Licence;
(d) a new Operator may be appointed to a Fund; and
(e) a temporary Operator may be appointed to a Fund pending the choice or appointment of a new Operator.
(2) A person cannot be chosen or appointed as a new Operator or temporary Operator unless such a person meets the relevant requirements of Article 17(2)(a) and (b).