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  1. Are existing private or professional funds that do not currently have a custodian or fund manager required to appoint a custodian and fund manager?

  1. Where an existing private or professional fund has not issued an offering document, should the fund provide to each investor a copy of the investment warning in accordance with Regulation 9(3)?

  1. Are existing private and professional funds required to update their offering documents to contain the investment warning in accordance with Regulation 9(1) of the Mutual Fund Regulations?

  1. Are existing professional funds, required to amend their memorandum and articles of association (M&A) to specify that i) the fund interests of the fund shall be issued only to professional investors; and ii) the initial investment of each investor in the

  1. Where a person has lodged bearer shares with a custodian prior to the transition date but omitted to disapply paragraph 34A(2) of Schedule 2, what is the status of the bearer shares?

  1. What action may be taken against a company that did not deposit its bearer shares with a custodian?

  1. Are registered agents required to provide the Commission with a list of companies that are authorised to issue bearer shares?

  1. Would the amendment “revive” the entitlements that were extinguished when the bearer shares were disabled?

  1. Can a grandfathered bearer share company whose memorandum was amended by operation of law under paragraph 34A(1) amend its memorandum to allow the company to issue bearer shares, convert registered shares to bearer shares or exchange registered shares for

  1. Can the owners of disabled bearer shares in a grandfathered bearer share company deposit them with an authorised or recognised custodian to terminate their “disability”?

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