LR 16.4 Requirements with continuing application
An open-ended investment company must comply with:
- (1)
LR 9 (Continuing obligations) except LR 9.2.6BR,;
- (2)
LR 15.5.1 R; and
- (3)
LR 15.6.6 R applies to an open-ended investment company if it has no executive directors.
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 10 (Significant transactions) and LR 12 (Dealing in own securities and treasury shares) do not apply to an open-ended investment company.
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