CTHRepealedLegislation
Private Ancillary Fund Guidelines 2009
Converting a private ancillary fund intoConverting a private ancillary fund into a public ancillary fund
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Converting a private ancillary fund into a public ancillary fund
- With the agreement of the Commissioner, the fund may amend its governing rules to convert the fund into a public ancillary fund.
51.1. Nothing in these Guidelines prevents a conversion agreed to by the Commissioner.
Note 1: This means that after receiving the agreement of the Commissioner, the trustee may ignore any guideline to the extent that it would prevent the conversion of the private ancillary fund into a public ancillary fund.
Note 2: After the conversion, the rules applying to public ancillary funds apply to the converted fund.