2.2.5 Amend Fund Rules Record

This topic provides the systematic instructions to amend fund rules record.

After a Fund Rules Record is authorized, it can be modified using the Unlock operation from the Action List. To make changes to a record after authorization:

1. Start the Fund Rules Summary screen from the Browser.
2. Select the status of the record that you want to retrieve for amendment. You can only amend authorized records.
3. Specify any or all of the details and click Search button.
   All records with the specified details are retrieved and displayed in the screen.
4. Double-click the record that you wish to amend.
   The Fund Rules Detail screen is displayed in amendment mode.
5. Select Unlock operation from the Action List to amend the record.
6. Amend the necessary information and click on Save to save the changes.

   Note:

   An amendment must be subsequently authorized so that the new rules come into effect on the new rule effective date. You must specify a date that is either the current date or later.

   The Fund Name and Fund Short Name cannot be altered for umbrella funds, sub-funds and share class funds, during an amendment.

   You will not be able to successfully amend the Specific Fund Price Date Setup if the Rule Effective Date is lesser than the Application Date. While amending, the Rule Effective Date will have to be gretaer than the Application Date.

   If required, fund rules may be amended on a business day, with the new Rule Effective Date being the current date itself. This feature is only available if your installation has specifically requested for it. An exhaustive note on this feature is available in the Annexure.

   You can amend the following basic details provided no transactions have been accepted for the fund, and provided no fund price has been entered for the fund:

   • Start date (provided no dividends have been generated in respect of the fund).
   • Fiscal start and end dates (provided no dividends have been generated in respect of the fund).
   • Fund base currency, provided the new fund base currency that you specify is necessarily a fund transaction currency, as designated in the Fund Transaction Currency Restriction rule.
   • Fund country, provided the new fund country that you specify is necessarily not restricted in the Fund Sale Country or Fund Residency Restriction rules.