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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 May 2019 - onwards
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Regulation 124 Dealing in specie

(1) A responsible person shall only accept subscriptions for units of a UCITS on an in specie basis where the depositary is satisfied that the terms of any exchange are not such as are likely to result in any material prejudice to the existing unit-holders of the relevant UCITS.

(2) A responsible person shall only accept redemption for units of a UCITS on an in specie basis where the depositary approves the asset allocation.

Comparing proposed amendment...