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34. Notification Requirement



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(1) The Fund Manager of an Exempt Fund or a Qualified Investor Fund shall notify the DFSA at least 14 days prior to the initial Offer to issue Units in the Fund and in the case of a closed-ended Fund, any subsequent Offer to issue Units in the Fund.
(2) Such a notification must be made in the manner prescribed in the Rules and include the name of the Fund and the type of Fund and any further details required under such Rules.
(3) If a Domestic Fund can no longer meet the conditions to be an Exempt Fund or a Qualified Investor Fund under Article 16(4) or (5) as applicable, the Fund Manager of that Fund shall, as soon as practicable, either:
a) in the case of an Exempt Fund, register the Fund as a Public Fund under Article 28, or in the case of a Qualified Investor Fund, reconstitute the Fund as an Exempt Fund or register the Fund as a Public Fund under Article 28; or
(b) apply for the winding up of that Fund as provided under Part 8 of this Law.