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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
Sourcebook Modules
Consultation Papers
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DFSA Codes of Practice
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Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(1 version)
Jul 11 2010 onwards

CIR 6.2.2 Guidance

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 ManagerG of an External FundG is generally not subject to the requirements that otherwise apply to other Domestic FundsG (see Article 14(2) of the Law). However, some limited requirements apply to External FundsG . See for example the disclosure required under Rules CIR 14.2.4CIR 14.2.7. Should such a requirement conflict with any requirements that apply to an External FundG in the jurisdiction in which the FundG is domiciled, the Fund ManagerG may apply to the DFSAG for appropriate waivers or modifications of the DFSAG requirements.
2. The DFSAG may, upon receipt of the information referred to in CIR Rule 6.2.2(b), assess the desirability of establishing an External FundG in the particular jurisdiction chosen by the Fund ManagerG . Relevant considerations include:
a. the Fund Manager'sG need to establish the FundG in the particular jurisdiction for reasons such as the physical location of the FundG assets or investor preference;
b. any regulatory risks arising from establishing the External FundG in the relevant jurisdiction, particularly if the FundG is to be open to retail investors; and
c. whether the relevant jurisdiction complies with the FATFG or other relevant international standards or requirements.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]