A UCITS unit may not be issued unless the equivalent of the net issue price is paid into the assets of the UCITS within the usual time limits. This provision shall not preclude the distribution of bonus units.
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New version applies from 30/04/2004 — introduced by Markets in Financial Instruments Directive (MIFID).
82 provisions change.
Later versions: 13/04/2005, 20/03/2008.
Article 40 moves to another heading in this version: compare.