+Article 20 Issuance of new units or shares
---+Article 20 1.
---+Article 20 2.
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Article 20 Issuance of new units or shares
1. Overview
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Regulation |
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Article 20 1.
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An ELTIF may offer new issues of units or shares in accordance with its rules or instruments of incorporation.
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Article 20 2.
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An ELTIF shall not issue new units or shares at a price below their net asset value without a prior offering of those units or shares at that price to existing investors in the ELTIF.
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1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
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