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Jul 11 2010 onwards

62. Winding Up Required by a Fund's Constitution



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The Constitution of a Fund may provide that the Fund is to be wound up:

(a) at a specified time; or
(b) in specified circumstances or on the happening of a specified event;

but a provision of the Constitution that purports to provide that the Fund is to be wound up if a particular Authorised Firm ceases to be its Fund Manager or Trustee is of no effect including for the purposes of Article 65(1)(a).