Early closing

Outcome: An Issuer closes a fund on an approved earlier date only after the applicable notice, Investor decision, closing, and custody evidence are complete.

Owner and application

• Actors: Issuer, Investor, compliance or legal owner, and Administrator when the decision crosses fund or issuer scope
• Applications: Issuer workspace, one Torque Investor experience, and administration workspace for platform-wide exceptions
• Conditions: The fund terms, proposed new deadline, affected commitments, applicable rule, notice period, and closing conditions are known.

Normal path

1. Issuer records the early-close request, reason, proposed deadline, affected commitments, and applicable fund terms.
2. The compliance or legal owner determines the required filing, notice period, Investor rights, and evidence.
3. Issuer sends the required notice and filing through the approved document and notification services.
4. Investors review the new deadline and exercise any permitted cancellation or withdrawal right before the applicable deadline.
5. The owning service records notice delivery, Investor decisions, unresolved exceptions, and the final eligible commitments.
6. After the notice period, Issuer or Administrator confirms the fund's closing conditions. The qualified custodian or settlement owner then records the applicable escrow close or release result.
7. The tokenization or ownership service performs the applicable issuance or register update, and the notification service records the closing confirmation.

Failure and recovery

• Missing filing, notice, or delivery evidence prevents the early-close decision from completing and returns it to Issuer and the compliance or legal owner.
• A notice-provider failure keeps the old deadline and affected commitments identifiable until the owning service reconciles delivery.
• An Investor cancellation or withdrawal request remains separate from the final closing decision and follows the permitted investment cancellation path.
• If closing conditions or escrow confirmation are incomplete after the notice period, Issuer or Administrator hands the exception to the owning custody or settlement service.
• An ambiguous close or delivery result loads the existing fund and Investment records before retrying or reconciling.

Handoff and evidence

Handoff	Receiving owner	Completion evidence
Early-close request to applicability review	Compliance or legal owner	Reason, new deadline, fund terms, and decision
Applicability to notice	Issuer and document or notification service	Filing, notice content, recipients, and delivery result
Notice to Investor decision	Investment service	Cancellation or withdrawal result, deadline, and status
Notice period to closing review	Issuer or Administrator	Eligible commitments, closing conditions, and approval
Closing review to custody release	Qualified custodian or settlement owner	Escrow decision, operation identifier, and settlement result
Release to delivery and records	Tokenization, ownership, and notification services	Issuance or register result, confirmation, and audit record

See Early Closing, Successful Closing & Fund Disbursement, and Cancel, recover, and hand off work.