Common use of Fund mergers Clause in Contracts

Fund mergers. In a merger of funds, one or more funds (transferring fund(s)) are transferred into another fund (receiving fund). If the receiving fund is not covered by a fund agreement, the Fund Manager must apply to enter into a fund agreement in sufficient time before the last Trading Day of the transferring fund so as to allow the Swedish Pensions Agency time to review the application. This is a condition that must be met for the Swedish Pensions Agency to approve transfer of fund units. If a fund agreement exists for the receiving fund, the Swedish Pensions Agency will assess whether the receiving fund meets the requirement for fund track record in accordance with the provisions set out in Appendix C, s. 3.1 and whether the receiving fund, post-merger, meets the other requirements for continuing to be covered by a fund agreement. If funds are merged, the Fund Manager shall immediately notify the Swedish Pensions Agency of the plan for the merger established by the supervisory authority. If professional secrecy is involved, the Swedish Pensions Agency must be notified hereof. The Swedish Pensions Agency must be provided the information document addressed to all fund unit holders in a transferring fund, which contains information on the possible consequences of the merger. The Fund Manager must give an account of the investment policies and fund rules for both the receiving fund and the transferring fund. Terms and conditions regarding settlement note in connection with the merger are set out in Appendix B, s. 7.4. Conditions on termination of the fund agreement in connection with merger are set out in the main document, s. 7.3.

Fund mergers. In a merger of funds, one or more funds (transferring fund(s)) are transferred into another fund (receiving fund). If the receiving fund is not covered by a fund agreement, the Fund Manager must apply to enter into a fund agreement in sufficient time before the last Trading Day of the transferring fund so as to allow the Swedish Pensions Agency time to review the application. This is a condition that must be met for the Swedish Pensions Agency to approve transfer of fund units. If a fund agreement exists for the receiving fund, the Swedish Pensions Agency will assess whether the receiving fund meets the requirement for fund track record in accordance with the provisions set out in Appendix C, s. 3.1 and whether the receiving fund, post-merger, meets the other requirements for continuing to be covered by a fund agreement. If funds are merged, the Fund Manager shall immediately notify the Swedish Pensions Agency of the plan for the merger established by the supervisory authority. If professional secrecy is involved, the Swedish Pensions Agency must be notified hereof. The Swedish Pensions Agency must be provided the information document addressed to all fund unit holders in a transferring fund, which contains information on the possible consequences of the merger. The Fund Manager must give an account of the investment policies and fund rules for both the receiving fund and the transferring fund. Terms and conditions regarding settlement note in connection with the merger are set out in Appendix B, s. 7.4. Conditions on termination of the fund agreement in connection with merger are set out in the main document, s. 7.3.7.3.‌‌‌‌