LR 16.4 Requirements with continuing application

LR 16.4.1R

An open-ended investment company must comply with:

  1. (1)

    LR 9 (Continuing obligations) except LR 9.2.2A R to LR 9.2.2G R,6LR 9.2.6B R, LR 9.2.15 R, LR 9.2.20 R5, LR 9.2.21 R, LR 9.2.23 R, LR 9.2.24 R, LR 9.2.25 R,6 LR 9.3.11 R and LR 9.8.4 R (14)6;4

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  2. (2)

    LR 15.5.1 R;

    2
  3. (3)

    LR 15.6.1 R; and2

  4. (4)

    the condition set out in LR 16.1.1 R (1) or (2).2

LR 16.4.2R

LR 15.6.6 R applies to an open-ended investment company if it has no executive directors.

LR 16.4.3R

The interests of a single person or entity which exceeds 10% of the issued shares (calculated exclusive of treasury shares) of any class of share in the capital of the open-ended investment company must, so far as they are known to it, be notified to a RIS as soon as possible following the open-ended investment company becoming aware of those interests.

LR 16.4.4R

LR 10 (Significant transactions) and LR 12 (Dealing in own securities and treasury shares) do not apply to an open-ended investment company.

Cancellation of premium listing

LR 16.4.5R

Election of independent directors6

LR 16.4.7R

6A open-ended investment company is not required to comply with LR 13.8.17 R.