2.1.8.2 Fund Residency Restriction

This topic provides information on fund residency restriction tab.

This fund rule facilitates the maintenance of restrictions in respect of the nationalities of unit holders who must not be allowed to transact in the fund. You can maintain a list of countries that must not be excluded from operating in the fund, and all unit holders whose country of domicile is found in this list will be allowed to subscribe into the fund.

To set up the nationality restrictions for a fund, use the Fund Residency Restriction screen.

Before you set up a Fund Residency Restriction profile record for a fund, it is desirable to ensure that the following information is already setup in the system:

• The fund already has an existing, unauthorized Fund Demographics profile record.
• The countries of domicile must be identified in the system in the Country Maintenance.

1. Click Fund Restriction, click Fund Residency Restriction tab in screen to specify the details.
   The Fund Residency Restriction screen is displayed.

   Figure 2-25 Fund Residency Restriction

   
   

   
   Description of "Figure 2-25 Fund Residency Restriction"

   
   
2. On Fund Residency Restriction tab, specify the fields.

   For more information on fields in the screen, refer the below table.

   Table 2-39 Fund Restriction - Fund Residency Restriction

   Fields	Description
   Country Code	Alphanumeric; 3 Characters; Mandatory Specify the Country Code. The adjoining option list displays all valid accounts maintained in the system. You can choose the appropriate one