LR 16.4 Requirements with continuing application
An open-ended investment company must comply with:
- (1)
LR 9 (Continuing obligations) except LR 9.2.2AR to LR 9.2.2GR, 6 LR 9.2.6BR, LR 9.2.6CR, LR 9.2.6DR, 7 LR 9.2.6ER to LR 9.2.6HR, 8 LR 9.2.15R, LR 9.2.20R5, LR 9.2.21R, LR 9.2.23R, LR 9.2.24R, LR 9.2.25R, 6 LR 9.3.11R, LR 9.8.4R(14) and LR 9.8.6R(8)9;
4664 - (2) 2
- (3)
LR 15.6.1 R; and2
- (4)
the condition set out in LR 16.1.1 R (1) or (2).2
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.
Cancellation of premium listing
An open-ended investment company must comply with LR 5.2.7A R3
Election of independent directors6
6A open-ended investment company is not required to comply with LR 13.8.17 R.