Constituent Fund definition
Examples of Constituent Fund in a sentence
Where there is more than one class of Units in issue in relation to a Constituent Fund and Units relating to that Constituent Fund are to be issued in accordance with this Deed, the Trustee, with the consent of the Principal Employer, shall (subject to any relevant Participation Agreement) have an absolute discretion to determine the class of Units which are so issued.
Subject thereto such banker or other financial institution shall be entitled to retain for its own use and benefit any benefit which it may derive from any cash for the time being in its hands (whether on current or deposit account) as part of a Constituent Fund.
Such statement of accounting policies shall, as a minimum, comply with the requirements of the Regulation and of any relevant regulatory authority having jurisdiction over the Plan or any Constituent Fund.
The accounts relating to each Accounting Period for the Plan or a Constituent Fund with the Auditors’ report on such accounts referred to in Clause 41.3 annexed thereto shall be conclusive and binding.
Where as a result of amendment to the MPF Ordinance or the Regulation such restrictions or limitations are further restricted, the revised restrictions and limitations shall apply in respect of each Constituent Fund on the expiry of such transitional period (if any) as may be specified in the amending legislation.