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Facilitated mergers of closed-end investment funds

New rules change voting procedures for merging closed-end investment funds. Investors gain additional opportunities to approve mergers, while fund management companies can more easily complete mergers with lower shareholder turnout at meetings.
Key points
Lower approval threshold: more than half of votes instead of two-thirds required.
Second chance to vote: if turnout was too low, another investor meeting can be called.
Final approval despite low turnout: after two failed attempts, majority of present voters suffices.
New rules apply to merger plans prepared after the act enters into force.
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60%
VOTING RESULTS
2025-07-09
For 259
Against 0
Abstain 172
Full voting results open_in_new
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Status:
Became Law
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Additional Information
Rządowy projekt ustawy o zmianie ustawy o funduszach inwestycyjnych i zarządzaniu alternatywnymi funduszami inwestycyjnymi.
Print number: PROJEKT USTAWY 1305
Process start date: 2025-06-02
Voting date: 2025-07-09
Voting no: 19