Disposal of units

The procedure for disposing of units by sale or repurchase shall require the licensee to stateunits. (a) that at any time during the operation of this scheme it shall repurchase units from unit holders and where a unit holder makes an application for the repurchase of his units; (b) that the unit holder shall sign a statement of renunciation; (c) that where a repurchase is requested for only some of the units comprised in the certificate, the licensee may issue a new certificate for the balance of units held by the unit holder; (d) the manner in which payment for the units repurchased by the trust shall be made; (e) that before a unit certificate is exchanged the unit holder shall surrender to the trust the unit certificate to be exchanged.