Cap. 450 чл. 26Removal of asset manager.

(1) Subject to any requirements as may be prescribed, and to any terms and provisions as are established in the scheme document, the board of directors of a retirement fund or the majority by value of contributions to date within the scheme of the contributors of a retirement scheme may replace the asset manager with a new asset manager at any time.

(2) It shall be the duty of the asset manager being replaced to cooperate fully with the new asset manager, or where no new asset manager is appointed, with the administrator, to ensure a proper, orderly and complete hand over of duties, and to take all reasonable and practical measures to preserve and safeguard the interests of the retirement fund or scheme, its shareholders, contributors, and beneficiaries.