Guernsey Authorised Fund

The fund is required to continue to comply with the conditions for listing.

The fund is required to keep the holders of its listed units, and the Exchange, informed as soon as reasonably practicable of such information relating to the fund which may be necessary: to enable investors to appraise the financial position of the fund;

• to inform investors of developments expected materially to affect market activity in the price of its units; and
• to avoid the establishment of a false market in its units.
  The fund must notify the Exchange of any proposed change in its capital structure, including the structure of its listed units, any new issues of securities, any change in the rights attached to any class of listed securities or to any units into which any listed securities are convertible.

The fund must send with each notice convening a meeting of the holders of its listed units, proxy forms with provision for two-way voting on all resolutions to be proposed.

The fund must respond promptly to any enquiries made by the Exchange concerning unusual movements in the price or trading volume of its listed (or any other matters raised by the Exchange) by giving such relevant information as is available to the fund or, if appropriate, by issuing a statement to the effect that it is not aware of any matter or development that is or may be relevant to the situation.

The Exchange is entitled to require the publication of further information by, and impose additional requirements on a fund where it considers that circumstances so justify, but will allow representations by the fund before imposing any additional requirements on it which are not imposed on listed companies generally.

A fund whose units are listed on any other exchange must ensure that equivalent information is made available at the same time to the Exchange and such other exchanges.