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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
Part 4 Core Rules Relating to Establishment and Management of Domestic Funds
Sourcebook Modules
Consultation Papers
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DFSA Codes of Practice
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  Versions
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Jul 11 2010 - Jan 31 2016Feb 1 2016 onwards

CIR 8.2.3

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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.

In the case of an Investment TrustG :

(a) the TrusteeG of the FundG must hold the Fund PropertyG in trust for the UnitholdersG and accordingly is responsible to the UnitholdersG for the safekeeping of the Fund PropertyG ;
(b) the legal title of the Fund PropertyG must be registered with the TrusteeG except in the case of a Property FundG investing in Real PropertyG where the TrusteeG has made adequate alternative arrangements that are in accordance with CIR Rule 13.4.2B; and
(c) the TrusteeG must not act on instructions of the Fund ManagerG in relation to the Fund PropertyG if such instructions are not in accordance with the agreement creating the Investment TrustG , the Fund'sG ConstitutionG , or the ProspectusG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] RM158/2015 (Made 9th December 2015). [VER19/02-16]