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Section 31

Section 256zo of the principal Act is amended—

of Capital Markets and Services (Amendment) Act 2015

Amendment ActIn forceProvision 31 of 49
Section 31

(a)

by substituting for paragraph (1)(a) the following paragraph:

“(a) shall lodge with the Commission the annual report of the business trust within four months after the end of each financial year of the business trust; and”; and

(b)

by substituting for subsection (3) the following subsection:

“(3) A trustee-manager shall—

(a)

send to every unit holder without charge a copy of the document referred to in paragraph (1)(a) within four months after the end of each financial year of the business trust; and

(b)

if a unit holder requests for any additional copies of the document referred to in paragraph (1)(a), send to the unit holder the document requested for within two months after the request is received and upon payment of a reasonable sum as may be determined by the trustee-manager.”.