PRIV S1.7 Unitholder's Liability to Pay

(1) A provision that—
(a) a unitholder is not liable to make any further payment for a unit after paying the price for the unit; and
(b) no further liability can be imposed on the unitholder in relation to the unit.

Note Unit and unitholder are defined in r 1.2.4 and r 1.2.5 respectively. Price is defined in the glossary.
(2) A provision that the unitholders are not liable for—
(a) the debts or other liabilities of the scheme; or
(b) acts or omissions of the operator.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)