Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 7: Subscriptions and redemptions of AIF units / [44] Suspension of the redemption or repurchase of AIF units.
Embedded Files
44. Suspension of the redemption or repurchase of AIF units.
The issue or redemption or repurchase of units is not allowed-
(a) for as long as the AIF, which is not internally managed, has not an appointed external manager, or
(b) for as long as the AIF has not appointed a depositary although it is obliged to do so in accordance with the provisions of -
the Alternative Investment Fund Managers Law or the legislation of another Member State which harmonises Directive 2011/61/EE respectively, in case the external manager is an AIFM, or
the provisions of this Law, in all other cases, or
(c) where the external manager of the AIF, which is not an internally managed AIF, or the depositary of the AIF, is dissolved or put into liquidation, or administration or under a similar procedure, and a replacement has not been appointed.
Page updated
Report abuse