UCITS. The UCITS was approved by the FMA on 18 June 2012 and registered in the Liechtenstein public register on 18 June 2012. The Unit Trust Agreement was first approved by the FMA on 11 June 2012. The UCITS has been established in accordance with the laws of Liechtenstein for an indefinite period of time without any limitations as to its capital. The UCITS has the legal form of a collective trusteeship. A collective trusteeship is the formation of an identically structured trust in terms of content with a number of investors for the purpose of asset investment and management for the account of investors, whereby the individual investors participate on the basis of their share in the trust and are, subject to violations of the Unit Trust Agreement, only personally liable up to the amount invested. The UCITS is structured as an umbrella fund that may comprise one or several Sub-Funds, which allocate invested capital in accordance with their respective investment policies set out in Annex A. Each of the Sub-Funds comprises one or more Classes to which different terms may apply, as set out in Annex A. By purchasing Units, a Unitholder accepts and agrees, without restrictions, to the provisions of the UCITS Documentation (including Sub-Fund-specific information in Annex A).
UCITS. The Company shall use its reasonable best efforts to obtain, as promptly as practicable following the later of (x) the date of this Agreement and (y) the launch of any UCITS, any approvals in respect of a UCITS for the continuation of its Management Contract in connection with the transactions contemplated hereby if and to the extent required by the terms of such Management Contract and/or applicable Law. The parties hereto agree that a UCITS shall be deemed to have consented for all purposes under this Agreement to the transactions contemplated hereby and the continued management of such UCITS by the Company or the applicable Subsidiary following the Closing if continued management of such UCITS by such person following the Closing has been approved in accordance with the immediately preceding sentence.
UCITS. UCIs and other types of investment funds, shall be valued at the last available stated net asset value, as published by the respective management company, the investment vehicle itself, or a contractually appointed agent, taking into consideration redemption fees, where appropriate. Where an investment vehicle is also listed on an exchange, the Management Company may also use the last available price paid on the exchange that is the vehicle’s principal market. Where redemption of investment units has been suspended, or where no redemption price has been fixed, those units shall be valued, like all other assets, at the respective market value, as determined by the Management Company in good faith and in accordance with generally recognised valuation rules verifiable by audit. Exchange Traded Funds (ETFs) shall be valued at the last available price paid on their principal market. The Management Company may also use the last available price published by the respective management company, the investment vehicle itself, or a contractually appointed agent.
UCITS in compliance with Directive 2009/65/EC and/or other Undertakings for Col- lective Investment (UCI) within the meaning of Art. 1, paragraph (2), point a) of Directive 2009/65/EC, whether or not established in a Member State, provided that: − such other UCIs are authorised in compliance under laws stipulating that the entities are subject to super- vision that the CSSF considers as equivalent to that laid down by the EU Law and that cooperation be- tween the authorities is sufficiently ensured; − the level of protection guaranteed to holders of shares or units in the other UCIs is equivalent to that intended for holders of shares or units of a UCITS and, in particular, that the rules relating to the assets segrega- tion, borrowings, lending, short sales of transferable securities and money market instruments are equivalent to the requirements of Directive 2009/65/EC; − the business of these other UCIs is reported in half-yearly and annual re- ports that enable valuation of assets and liabilities, revenues and opera- tions for the period concerned; and that − the proportion of net assets that the UCITS or the other UCIs whose ac- quisition is contemplated may invest overall in units or shares of other UCITS or other UCIs in conformity with their management rules or con- stitutive documents, does not exceed 10%. − Where one of the Fund’s Compart- ments invests in the units of other UCITS and/or of other UCIs that are managed either directly or via delega- tion by the same Management Com- pany or by any other company to which the Management Company is linked as part of a joint management or control process, or via a material direct or indirect interest, said Man- agement Company or the other com- pany cannot charge subscription or redemption fees relating to the rele- vant Compartment’s investment in the units of other UCITS and/or UCIs. − Where one of the Compartments in- vests a significant portion of its as- sets in other UCITS and/or other UCIs linked to the Fund, as set out above, the Fund shall mention the maximum management fee amount that can be charged both to the actual Compart- ment and to the other UCITS and or UCIs in which it intends to invest in the Annexes to the Prospectus. The Fund shall indicate the maximum percentage of the management fees incurred both at the level of the Com- partment and at that of the UCITS and/or other UCIs in which it invests in its annual report.
UCITS. Registered office: Herrengasse 12, 9490 Vaduz, Liechtenstein. The Board of Directors of the UCITS are:President Andrea WenaweserDeputy Head of Tax & Products, LGT Group Holding Ltd., Vaduz Directors Roger GauchChief Executive Officer, LGT Capital Partners (FL) Ltd., Vaduz Dr. Konrad Bächinger
UCITS. Seller shall cause the Company Group to use its commercially reasonable efforts to obtain, as promptly as practicable following the date of this Agreement, the approval of the Financial Regulator of Ireland to the continued management of each Public Fund that is a UCIT by the RIA following the Closing. The parties hereto agree that each such Public Fund shall be deemed to have consented for all purposes under this Agreement to the transactions contemplated hereby and the continued management of such Public Fund by the RIA following the Closing if continued management of such Public Fund by the RIA following the Closing has been approved in accordance with the immediately preceding sentence, unless at any time prior to the Closing such Public Fund notifies the RIA in writing that such Public Fund has terminated its Advisory Agreement prior to or following the Closing (and such notice is not withdrawn).
UCITS. With regard to UCITS, since these are not traded on the stock exchange, none of the above provisions are applicable to them. In fact, subscription and redemption orders shall be transmitted to the management company, whether or not the UCITS are listed on a regulated market. The Holder does not therefore have the possibility of choosing the intermediary or the desired place of execution.