Interim report

(1) Where the right to manage a collective investment fund is transferred by the capital management company to another capital management company during the financial year, or a collective investment fund is merged into another collective investment fund or an EU UCITS during the financial year, the transferring company must prepare an interim report as at the transfer date, meeting the requirements for an annual report under section 101. The interim report must be handed over without delay to the transferee capital management company, or to the capital management company of the transferee collective investment fund or EU UCITS.
(2) Interim reports must likewise be audited by an auditor. Section 102 applies correspondingly to the audit under the first sentence.