Notification

(1) The responsible licence holder shall, within fourteen days of the recognised manager becoming established, provide the Registrar in writing with– (a) a notification of– (i) the names and addresses of the directors of the recognised manager; (ii) the relevant recognised country or jurisdiction; and (iii) a description of the nature and scope of the activities of the recognised manager, which shall include the name of any mutual fund for which the recognised manager is the manager; and (b) a statement signed by the responsible licence holder certifying that the requirements in regulation 6 have been met. (2) The responsible licence holder shall– (a) on or before the 31st day of March of each year following the year in which the information required under subregulation (1) was provided, confirm to the Registrar in writing that the requirements stipulated in regulation 6 have been met; and (b) within twenty-one days of the occurrence of any change in the information provided under 11 subregulation (1) above, notify the Registrar in writing of such change. (3) Where the responsible licence holder fails to comply with subregulation (1) or (2), except paragraph (1)(a)(i) above, the exemption applicable to the relevant recognised manager shall cease.