Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1230a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1230A
Character Range: 5099273–5099960

1230A  Minimum of one class of shares per sub‑fund
 (1) The shares in a CCIV that are referable to the same sub‑fund of the CCIV, if not divided into 2 or more classes, constitute a class.
Note: A CCIV can issue shares only if the rights attaching to the shares are referable to one (and only one) sub‑fund of the CCIV: see section 1230.
 (2) A class of shares is referable to a sub‑fund of a CCIV if the shares in the class are referable to the sub‑fund.

Part 2F.2 does not permit variation contrary to this section
 (3) Nothing in Part 2F.2 permits rights attached to shares in a class of shares to be varied or cancelled in a manner that results in a contravention of this section.