n NISM Certifications
V-A NISM Series V-A
Medium

What is the regulatory requirement with respect to a change in the controlling interest in an AMC?

Practice question from Nism VA Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The unitholders have to be given the option to exit

    Correct answer

  2. B

    A minimum of 50% of the unitholders have to approve the change in controlling interest

  3. C

    The trustees have to give the unitholders the option to wind-up the scheme

  4. D

    All of the above

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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