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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)

Rulebook Modules

Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER16/07-19]

Authorised Market Institutions (AMI) [VER18/02-17]

Auditor Module (AUD) [VER3/02-17]

Conduct of Business Module (COB) [VER33/07-19]

Collective Investment Rules (CIR) [VER25/07-19]

Part 1 Introduction

Part 2 Definitional Provisions

CIR 2 Arrangements not Constituting a Collective Investment Fund

CIR 3 Specialist Classes of Funds

CIR 3.1 Specialist Funds

Private Equity Fund

Real Estate Investment Trust (REIT)

CIR 3.1.9

Money Market Fund

Exchange Traded Fund ("ETF")

CIR 4 Excluded Offers

Part 3 Fund Functionaries

Part 4 Core Rules Relating to Establishment and Management of Domestic Funds

Part 5 Rules Specific to Different Types of Domestic Funds

Part 6 Rules Specific to Specialist Classes of Domestic Funds

Part 7 Marketing of Domestic and Foreign Funds

Part 8 Transfer Schemes and Winding Up of Domestic Funds

Part 9: [Deleted]

CIR App 1 Delegation And Outsourcing

CIR App 2 Meeting Procedures

CIR App 3 Approvals and Notifications

CIR App 4 Guidance On Asset Valuation And Pricing

CIR App 5 Constitution of a Domestic Fund

CIR App 6 Guidance on Fitness and Propriety for Oversight Functions [Deleted]

CIR App 7 [Deleted]

CIR App 7 Content of a Public Fund Prospectus

CIR App 8 Guidance for Hedge Fund Managers

CIR App 9 Use of Price Information Providers

Fees Module (FER) [VER20/02-19]

Fund Protocol Rules (FPR) [VER1/02-19]

General Module (GEN) [VER44/07-19]

Glossary Module (GLO) [VER44/07-19]

Islamic Finance Rules (IFR) [VER13/12-18]

Markets Rules (MKT) [VER15/07-19]

Price Stabilisation Module (PRS) [VER7/04-18]

Prudential — Insurance Business Module (PIN) [VER15/01-18]

Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]

Recognition (REC) [VER12/01-18]

Representative Office Module (REP) [VER10/04-18]

Takeover Rules Module (TKO) [VER7/02-16]

Sourcebook Modules

Consultation Papers

Policy Statements

DFSA Codes of Practice

Amendments to Legislation

Financial Markets Tribunal

Connected by Complinet

Location: Dubai Financial Services Authority (DFSA) > Rulebook Modules > Collective Investment Rules (CIR) [VER25/07-19] > Part 2 Definitional Provisions > CIR 3 Specialist Classes of Funds > CIR 3.1 Specialist Funds > Hedge Fund > CIR 3.1.9

Versions
(1 version)

Jul 11 2010 onwards

CIR 3.1.9

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

(1) A Fund^G is a Hedge Fund^G if it is a Fund^G which has some or all of the following characteristics:

(a) it has a broad mandate giving its Fund Manager^G flexibility to shift strategy;

(b) it is aimed at achieving absolute returns rather than returns relative to the market;

(c) it employs some or all of the following techniques:

(i) the pursuit of absolute returns or "alpha" rather than measuring their investment performance relative to the market;

(ii) the use of short selling;

(iii) the use of Derivatives^G for investment purposes;

(iv) the use of economic or debt leverage as well as leverage embedded in financial instruments such as Derivatives^G ;

(v) the acquisition of distressed debt with a view to its realisation at a profit; or

(vi) the acquisition of "high yield" debt Securities^G .

(2) A Fund^G is a Fund of Hedge Funds^G if it is dedicated to investing in a number of Hedge Funds^G or Sub-Funds^G of one or more Hedge Funds^G that meet the criteria in (1).

Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]