Vorlage

An Investment Entity that is regulated as a collective investment vehicle does not fail to qualify under subparagraph B(9) as an Exempt Collective Investment Vehicle, solely because the collective investment vehicle has issued physical shares in bearer form, provided that:

(a) the collective investment vehicle has not issued, and does not issue, any physical shares

in bearer form after 31 December preceding the entry into force of the Amending Protocol signed on …^∗;

(b) the collective investment vehicle retires all such shares upon surrender;

(c) the collective investment vehicle performs the due diligence procedures set forth in

Sections II to VII and reports any information required to be reported with respect to any such shares when such shares are presented for redemption or other payment; and

(d) the collective investment vehicle has in place policies and procedures to ensure that

such shares are redeemed or immobilised as soon as possible and in any event within two years of the entry into force of the Amending Protocol signed on …^∗.

^∗OJ: please insert the date of signature of this Amending Protocol.

AMP/EU/CH/en 63