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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Collective Investment Rules (CIR) [VER25/07-19]
Part 4 Core Rules Relating to Establishment and Management of Domestic Funds
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  Versions
(1 version)
 
Jul 11 2010 onwards

CIR 8.4.1 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 dilution levy or adjustment means a charge of such amount or such rate as is determined by a Fund ManagerG of a FundG to be made for the purpose of reducing the effect of dilution, i.e., the amount of dealing costs incurred, or expected to be incurred, by a Fund ManagerG , to the extent that these costs may reasonably be expected to result, or to have resulted, from the acquisition or disposal of Investments by the Fund ManagerG as a consequence (whether or not immediate) of the increase or decrease in the cash resources of the FundG resulting from the issue or cancellation of UnitsG over a period.
2. Dealing costs referred to in Guidance 1 include both the costs of dealing in an InvestmentG , professional fees incurred, or expected to be incurred, in relation to the acquisition or disposal of Real PropertyG and, where there is a spread between the buying and selling prices of the InvestmentG , the indirect cost resulting from the differences between those prices.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]