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Dubai Financial Services Authority (DFSA): Contents

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Jul 11 2010 onwards

CIR 5.1.5

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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 Fund AdministratorG of a Foreign FundG for which it is Providing Fund AdministrationG must have a service level agreement with the fund manager of that Foreign FundG setting out the functions and service standards that will be applied to the provision of such administration.
(2) The agreement in (1) must ensure that the Fund AdministratorG cannot in turn delegate the activities and functions delegated to it by the fund manager of the Foreign FundG unless the sub-delegate has been approved by that fund manager.
(3) The agreement in (1) must also require the Fund AdministratorG to retain any relevant work or records relating to the delegated activities and functions where the contract is terminated either by the fund manager or the Fund AdministratorG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]