COLL S4.16 Dealing

Details of the following:

(a) the dealing days, and times on a dealing day, when the operator must receive instructions to issue or redeem units;
(b) the procedures for—
(i) the issue and redemption of units; and
(ii) the settlement of transactions;
(c) for a prospectus available during the initial offer period—
(i) the initial offer period; and
(ii) the initial price of a unit (in the base currency); and
(iii) the arrangements for issuing units during the initial offer period, including the operator's intentions on investing the subscriptions received during the initial offer period; and
(iv) the circumstances when the initial offer must end; and
(v) whether units may be issued in a currency other than the base currency; and
(vi) any other relevant details of the initial offer;
(d) the steps that must to be taken by a unitholder in redeeming units before the unitholder can receive the proceeds of the redemption, including any relevant notice periods and the circumstances in which, and periods for which, a payment may be deferred;
(e) the circumstances in which the redemption of units may be deferred or suspended and how unitholders must be notified if this happens;
(f) how unitholders must be notified when the redemption of units is no longer deferred or suspended;
(g) details of the minimum number, percentage or value of each class of unit in the scheme that—
(i) any single person may hold; and
(ii) may be the subject of any single transaction of issue or sale;
(h) whether certificates may be issued in relation to registered units;
(i) if relevant, the circumstances in which the operator may arrange for, and the procedure for, the issue or redemption of units otherwise than for cash;
(j) the investment exchanges (if any) on which units in the scheme are or will be listed or dealt.
Derived from QFCRA RM/2010-05 (as from 1st January 2011)