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10.—(1) The manager shall cease to agree to issue units at the initial price and shall not instruct the trustee to create units, other than units which he has already agreed to issue at the price specified in regulation 13(1), forthwith upon becoming aware or having reason to believe that, if the property of the scheme were valued in accordance with Part II of these Regulations, the issue price excluding any preliminary charge would differ from the initial price excluding any such charge by 2% or more.
(2) On the occurrence of circumstances of the kind described in paragraph (1) the manager shall forthwith carry out a valuation of the property of the scheme for the purposes of determining new prices at which units in the scheme are to be created, cancelled, issued and redeemed.
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