Examples of UCITS in a sentence
The Unitholders shall be informed sufficiently in advance (and in any case, in line with the requirements of the UCITS Act, at least 30 calendar days before the last dealing day on which a Unitholder can, at no additional cost, redeem, convert or transfer his or her Units (in accordance with the UCITS Act).
The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby.
Neither any of the assets of the Sub-Funds that are part of the merger nor the Unitholders will be charged with the legal, advisory nor administrative costs associated with the preparation and execution of a UCITS merger.
The Management Company may, subject to the approval of the FMA, resolve to merge a Sub-Fund with another Sub-Fund of this UCITS or of another Undertaking for Collective Investments of Transferable Securities, independent of its legal form and irrespective of whether or not such other UCITS has its registered office in Liechtenstein.
In the event of liquidation or insolvency of the Management Company, the assets of the UCITS / Sub-Funds shall not form part of the insolvency estate of the Management Company and shall not be liquidated together with the Management Company’s own assets.