Related Regulations The purpose of the restriction on unitholding in mutual fund above one-third of the outstanding investment units is to promote the more extensive distribution of investment units. The
, derivatives clearing house, the association of derivatives business operators, persons who fail to pay the fees specified under the Derivatives Act, directors and executives of the juristic persons above (under
. The above provisions do not apply to mutual fund that focus on a one-time investment strategy and have a term of less than one year as from the date of registration as mutual fund. An annual report
on a calendar year shall be submitted within 4 months from the end of each accounting period. The above provisions do not apply to mutual fund that focus on a one-time investment strategy and have a