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Status: You are viewing the version of the handbook as on 2009-03-31.

LR 16.4 Requirements with continuing application

LR 16.4.1RRP

An open-ended investment company must comply with:

  1. (1)

    LR 9 (Continuing obligations) except LR 9.2.6B R, and LR 9.2.15 R1;

  2. (2)

    LR 15.5.1 R; and

  3. (3)

    LR 15.6.1 R.

LR 16.4.2RRP

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

LR 16.4.3RRP

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 16.4.4RRP

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

LR 16.4.5RRP

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