Fund Data Converter
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OFST410770 – Is Transfer Subject to Consent of Fund
Is Transfer Subject to Fund’s Consent as given in the prospectus?
When a fund transfer is “subject to the fund’s consent”, it means that the transfer of shares or interests in the fund cannot occur without the approval of the fund’s management or governing body. This clause is often included in fund agreements to ensure that the fund can control who becomes an investor or participant, maintaining the integrity and strategic direction of the fund.
This consent requirement can help the fund: Maintain Compliance: Ensure that all transfers comply with regulatory requirements. Control Investor Base: Keep the investor base aligned with the fund’s goals and strategies. Prevent Unwanted Transfers: Avoid transfers to parties that may not be desirable for the fund’s operations or reputation.
| Property | Value |
|---|---|
| OF-ID | OFST410770 |
| Name | Is Transfer Subject to Consent of Fund |
| Area | Static data |
| Level | Share Class |
| Format | yes / no |
| Tags | Full |
| Introduced in | openfunds 2.1 |
Allowed values
yes, no
Example
yes
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST410770 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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