PRIV 3.2.5 Limited Issue

(1) This rule applies to units in a scheme if, under the constitutional document, the issue of the units may be limited.
(2) The operator may only issue the units if the issue—
(a) is permitted by the constitutional document; and
(b) is in accordance with the conditions, restrictions and requirements (if any) stated in the latest filed prospectus.

Note Latest filed prospectus is defined in the glossary.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)