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If I hold a fund under the CPF Investment Scheme that does not meet the stricter criteria, when must I exercise the switching option?
Funds that are unable to meet the stricter criteria can only take in new CPF monies till December 2010, and you will be given up till 30 June 2011 to exercise the switching option.

In addition, a fund may decide to cease taking in new CPF monies earlier. If this happens, you have to exercise the switching option within the timeframe stipulated by the Fund Management Company/insurer in its communication letter to you.