(1) The directors of an open-ended investment company must, on a members' requisition, forthwith proceed duly to convene an extraordinary general meeting of the company and this applies notwithstanding anything in the company’s instrument of incorporation.
(2) A members' requisition is a requisition -
(a) by members of the company holding at the date of the deposit of the requisition at least the required percentage of such of the paid-up capital of the company as at that date carries the right of voting at general meetings of the company; and
(b) which states as the object of the meeting the removal of one or more directors appointed in accordance with regulation 34(2) and which must be signed by the requisitionists and deposited at the registered office of the company.
(2A) The required percentage is 10% unless more than twelve months has elapsed since the end of the last general meeting -
(a) called in pursuance of a members’ requisition under this regulation, or
(b) in relation
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