Change your unit trust portfolio(s) Sample Clauses

Change your unit trust portfolio(s). The fund may instruct the Administrator to switch your investment out of your chosen unit trust portfolio(s) to another unit trust portfolio(s) selected by the Trustees; in the following circumstances: • The total assets of the fund or your product account breaches the investment limits set out under Regulation 28 of the Act. The investment limits are referred to as the prudential investment guidelines. These guidelines set, amongst other things, the maximum exposures that the fund or you as a member may have to various asset classes (examples include a maximum of 75% in equities and 25% in offshore assets). If your product account becomes non-compliant with these limits and you do not send us an instruction to correct this within a period of 12 months, the fund must then make the necessary changes on your behalf. Should the fund become non- compliant with these limits it may switch your investment out of your chosen unit trust portfolio(s) to another unit trust portfolio(s) in order to comply with the regulation. • As a result of breaches to Exchange Control Regulations. • If you fail to select an alternative unit trust portfolio as described in 5.4.1 above.
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Change your unit trust portfolio(s). The Insurer may change your selected unit trust portfolio(s) by switching the investment from your chosen unit trust portfolio to another unit trust portfolio. This may be done if the Insurer breaches the investment limits set out in the Long-term Insurance Act or if you fail to select an alternative unit trust portfolio as described in 5.3.1 above.

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