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Dubai Financial Services Authority (DFSA): Contents

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Jan 3 2010 onwards

REP 4.7.4

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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.

(1) A Representative OfficeG must ensure that it does not market a UnitG of a Foreign FundG which is a Property FundG unless:
(a) the FundG is a closed-ended structure; and
(b) the FundG is listed and traded on an Authorised Market InstitutionG or on an exchange regulated in a Recognised JurisdictionG , unless the UnitsG are to be OfferedG , issued or sold by means only of Private PlacementG .
(2) For the purposes of (1), a "Property FundG " is a Foreign FundG in respect of which 60% or more of the Fund'sG assets comprise Real PropertyG , Property Related AssetsG or UnitsG in another Property FundG .
Derived from DFSA RM68/2009 (Made January 3rd 2010). [VER1/01-10]