Examples of Law of 2010 in a sentence
The activity of investment fund management includes the tasks listed in Annex II to the Law of 2010, which is not exhaustive.
If collateral provided in the form of cash exposes the fund to a credit risk with respect to the administrator of this collateral, such exposure shall be subject to the 20% restriction indicated in article 43 (1) of the Law of 2010.
According to article 175 of the Law of 2010, under certain circumstances, the assets of a sub-fund or a respective share class may also be completely exempt.
The Management Company may not acquire, for any investment funds managed by it which fall within the scope of Part I of the Law of 2010 or the UCITS Directive, shares that carry voting rights enabling it to exercise significant influence over the management of the issuer.
Pursuant to article 181 of the Law of 2010, the rights of investors and of creditors concerning a Sub-Fund or which have arisen in connection with the creation, operation or liquidation of a Sub-Fund are limited to the assets of that Sub-Fund.
Administration covers all the tasks pertaining to joint investment management as specified in Annex II to the Law of 2010 (investment management, administration, distribution).
Where these limits are exceeded, article 49 of the Law of 2010 shall apply; – shares held by one or more investment companies in the capital of subsidiary companies that only conduct certain management, advisory or marketing activities with regard to the repurchase of units at the request of unitholders in the country where the subsidiaries are located, and do so exclusively on behalf of that investment company or those investment companies.
If such transactions relate to the use of derivatives, the terms and limits must comply with the provisions of the Law of 2010.
The Investment Company may, either as a merging UCITS or as a receiving UCITS, be subject to cross-border and domestic mergers in accordance with the definitions and conditions set out in the Law of 2010.
If such transactions relate to the use of derivatives, the terms and limits must comply with the provisions of the Luxembourg Law of 2010.