Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:11y
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 11Y
Character Range: 51792–52533

11Y  Suspension of transfers
 (1) CSC may suspend transfers of units from one Investment Division to a second Investment Division for a period if, during the period:
 (a) because of an event that is beyond the control of CSC, CSC is unable to calculate the unit value for either Investment Division; or
 (b) CSC is satisfied on reasonable grounds that it is in the interests of members to suspend the withdrawal of units of the first Investment Division or the issue of units of the second Investment Division.
 (2) If CSC suspends the transfer of units for a period under subrule (1), CSC must effect any approved transfers on the first day after the period ends.
 (3) A transfer application may be withdrawn during the suspension period.