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Article 1 - Suspension of subscriptions, repurchases and redemptions

Article 1
Suspension of subscriptions, repurchases and redemptions

1. An AIFM shall suspend subscriptions, repurchases and redemptions simultaneously, for the same period and for all investors of the AIF. An AIFM shall not suspend redemptions without simultaneously suspending subscriptions and repurchases.

2. A suspension of subscriptions, repurchases and redemptions shall be temporary, strictly limited to the period necessary to address the exceptional circumstances that justify that suspension, and may only be implemented where it is duly justified having regard to the best interests of investors.

3. For an AIF with multiple share classes, the suspension of subscriptions, repurchases and redemptions shall apply to all the share classes of that AIF.

Official text · the act as published Open full page ↗
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