S.L. 370.19 Art. 13Approval by unit- holders. Cap. 386. Cap. 386.

(1) Where a Maltese UCITS is registered as a company under the Companies Act, the approval of unit-holders which is required in order for a merger of that UCITS to take place shall not exceed 75% of the votes actually cast by unit-holders present or represented at the general meeting of the unit-holders.

(2) The provisions of this regulation shall apply notwithstanding the relevant provisions of the Companies Act and anything contained in the UCITS memorandum or articles of association.

(3) The information on the proposed merger which is to be provided to unit-holders, before they grant their approval thereto in terms of subregulation (1), may contain a recommendation by the management company of the UCITS or the Board of Directors of the UCITS itself as to the course of action to be taken. COSTS AND ENTRY INTO EFFECT OF MERGER