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CIU-5.2.1

Operators of CIUs authorised or registered under this Module must:

(a) Ensure compliance of the CIU with the requirements of this Module, the instrument constituting the CIU, and of its prospectus;
(b) Take all reasonable steps to rectify any failure to comply with the obligations specified in (a) above, and to notify the CBB of such a breach as soon as it becomes aware of the fact; and
(c) Not withdraw as operator of the CIU except upon the appointment of a new operator and subject to the prior approval of the CBB.