(1) Subject to Regulation 63(2), a UCITS shall redeem or repurchase units at the request of the unit-holder.
(i) Notwithstanding paragraph (1), a UCITS may in the cases and according to the procedure provided in its trust deed, deed of constitution or articles, temporarily suspend the repurchase or redemption of its units.
(ii) Suspension may be provided for only in exceptional cases where circumstances so require and suspension is justified having regard to the interest of the unit-holders.
(b) The Bank may require the suspension of the repurchase or redemption of units in the interests of the unit-holders or the public.
(c) A UCITS which acts in accordance with subparagraph (a) (i) shall without delay communicate its decision to the Bank and to the competent authorities of the Member States in which it markets its units.