Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 7: Subscriptions and redemptions of AIF units / [35] AIF units.

35. AIF units.

(1) The rights deriving from the units shall be exercised in accordance with the percentage they represent out of the total assets, except of the voting rights, which are exercised in accordance with all of its units.

(2) AIF units shall be issued in the name of the unitholder.

(3) The subscriptions and redemptions of units shall take place in accordance with the conditions included in the fund rules or the instruments of incorporation of the AIF and which may be specified in its offering document.

(4) The AIF may issue units of different classes, which are defined in its fund rules or instruments of incorporation.