Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 10: Mergers / [94] Effective date of the merger.

94. Effective date of the merger.

(1) The effective date of the merger and the date of the calculation of the exchange ratio of the units of the merging AIF with units of the receiving AIF, and, where applicable, the date of the determination of the net asset value for cash payments shall be defined in the terms of the merger.

It is provided that, these dates shall be after the approval of the merger by the unitholders of the merging and the receiving AIFs, if such approval is required.

(2) The effective date of the merger shall be communicated by the receiving AIF to the Securities and Exchange Commission, as well as the unitholders, through a durable medium.