Accumulating Class definition
Accumulating Class or “Accumulating Classes” : means a Class or Classes which generally do not pay adividend or other distribution as further detailed in the relevant Supplement. “Administrator” : means the person appointed from time to time by the External Manager by means of a relevant written delegation agreement to provide one or more of the administration functions laid down in Article 6(1)(b)(i) of the AIF Law (if applicable), otherwise such person being at all times the External Manager. “AIF or AlternativeInvestment Fund” : Means collective investment undertakings, includinginvestment compartments thereof, which:(a) raise capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors; and(b) do not require authorisation pursuant to article 9 of the Open Ended Undertakings for Collective Investment Law or pursuant to the legislation of another Member State which harmonises article 5 of Directive 2009/65/EC, it being understood in relation to the Fund as an AIF governed by the provisions of Part II of the AIF Law. “AIFLNP” : means an Alternative Investment Fund with Limited Number of Persons authorized by the CySEC and regulated under the provisions of Part VII of the AIF Law. “AIF Law” : means the Alternative Investment Funds Law 124(I) of 2018 or any Law substituting or amending the same. “AIFM” : means an authorised alternative investment fund manager pursuant to the provisions of the AIFM Law. “AIFM Law” : means the Alternative Investment Fund Managers Law 56(I) of 2013 or any Law substituting or amending the same. ‘AIFM Regulation’ : Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision. “Articles” : means the Memorandum and Articles of Association of the Fund as amended from time to time. “Auditor” : means “statutory auditor”, within the meaning of article 2(1)of the Auditors Law being in relation to the Fund KPMG
Accumulating Class means any Class in respect of which the Directors have determined not to
Accumulating Class means a class of Shares in a Fund in respect of which the net income and net capital gains
More Definitions of Accumulating Class
Accumulating Class means the Sterling Institutional Class (Accumulating) and Units of such other Classes as may be designated by the Directors from time to time; “Act” means the Investment Funds, Companies and Miscellaneous Provisions Act 2005 as may be amended from time to time and any and all applicable regulations or notices made or conditions imposed or derogations granted by the Central Bank thereunder; “Administrator” means SEI Investments – Global Fund Services, Limited or such other company in Ireland as may from time to time be appointed as administrator of the Fund in accordance with the requirements of the Central Bank; “AIFM” means an alternative investment manager under the AIFM Regulations which may be the Manager or a third party; “AIFMD” means the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) as amended; “AIFM Regulations” means the European Union (Alternative Investment Funds Managers) Regulations 2013 (as amended); “AIF Rulebook” means the rulebook issued by the Central Bank as may be amended from time to time which sets out the Central Bank’s regulatory regime for alternative investment funds and other the relevant entities that fall to be regulated under the AIFM Regulations; “Application Form” means the Unitholder account Application Form for each Sub-Fund as may be amended by the Manager from time to time; “Approved Credit Institution” means (i) a credit institution authorised in the European Economic Area (EEA) (i.e. European Union Member States, Norway, Iceland or Liechtenstein); (ii) a credit institution authorised within a signatory state, other than a EU Member State or a Member of EEA, to the Basle Capital Convergence Agreement of July 1988 (i.e. Switzerland, Canada, Japan or the United States); or (iii) a credit institution authorised in Australia, Guernsey, Isle of Man Jersey or New Zealand; “Auditors” means PricewaterhouseCoopers or such other firm of chartered accountants as may from time to time be appointed as auditors to the Fund; “Base Currency” means the base currency of the relevant Sub-Fund, being Sterling, unless otherwise determined by the Directors and disclosed in the Prospectus or as may be specified in a Relevant Supplement;
Accumulating Class means the Sterling Institutional Class (Accumulating) and Units of
Accumulating Class or “AccumulatingClasses” means a Class or Classes which generally do not pay a dividend or other distribution as further detailed in this Prospectus
Accumulating Class means any class of Shares as designated in the Special Section for the relevant Sub- Fund where no distributions will be made.
Accumulating Class means any Class in respect of which the Directors have