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Home / Offering Memorandum / FUND STRUCTURE / Change of the Organisational Structure
3.6. Change of the Organisational Structure
In the event the Fund and/or the Manager intends to change its organizational structure, a decision by the Board of Directors is required through a special resolution. The relevant change shall also be depicted in this Offering Memorandum and the Memorandum & Articles if applicable. Any change in the organizational structure of the Fund requires the prior notification to CySEC.
In the case of such an event, the Investors will be notified once the change becomes effective. In the event the Investors object to the change of the Fund's structure, they are entitled to redeem their Units currently held in the Investment Compartment with the terms that existed prior to the relevant change. In this case, the Investors will be allowed to redeem their Shares as follows:
within ten (10) calendar days from the notification of the amendment to them, where the redemption or repurchase of units takes place on a daily basis;
within one (1) month from the notification of the amendment to them, where the redemption or repurchase of units takes place, at least, weekly;
by the date at which the one after the next scheduled date of redemption or repurchase of units shall take place, where the redemption or repurchase takes place on a monthly basis; and
by the next scheduled redemption or repurchase date, in every other case, on the condition that between the notification of the amendment to the unitholders and the expiry of the right of redemption or repurchase of their units according to the provisions of the rules prior the amendment, there is a time period of, at least, thirty (30) days.