Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 8: Special provisions / Part 1 - Common fund / [48] Confirmation of participation into a common fund.
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48. Confirmation of participation into a common fund.
(1) (a) Without prejudice to the application of article 36(1)(c), the external manager of the common fund shall issue, upon request by a unitholder or joint unitholder of units, a confirmation of participation to or redemption from the common fund.
(b) The unitholder may request a confirmation regarding the registration of a pledge upon the unitholders’ units in the Unitholders’ Register. The lender may also request the issue of the confirmation regarding the registration of a pledge of units.
(2) The confirmation of section (1) may also illustrate all contributions in one or more common funds managed by the same external manager.
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