(a) a liquidator of a sub-fund of a CCIV is appointed, resigns or is removed from office; and
(b) one or more persons, other than the CCIV, holds assets of the sub-fund of the CCIV;
the liquidator must, as soon as practicable, and in any event within 3 business days after the liquidator's appointment, resignation or removal, notify each such person in writing of the appointment, resignation or removal.
(2) In this section:
"liquidator" includes a provisional liquidator.