109.8. A holder of mutual fund securities may unilaterally demand the purchase or repurchase of his securities by sending a notice to that effect
(1) to the dealer referred to in section 109.7 who sent the notice of execution prescribed by regulation to the holder; or
(2) to the dealer who sent the notice of execution prescribed by regulation to the holder in any other case.
The notice must be sent to the dealer within two days after receipt of the notice of execution.
This section does not apply to holders who are themselves dealers.