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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
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DFSA Codes of Practice
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Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Jul 11 2010 onwards

CIR 8.8.3



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) The Fund ManagerG and if appointed the TrusteeG of a FundG other than an Exempt FundG :
(a) may convene a general meeting of UnitholdersG at any time; and
(b) must convene a general meeting of UnitholdersG of the FundG immediately upon a request being made by UnitholdersG in accordance with (2).
(2) The UnitholdersG of the FundG may request the Fund ManagerG , or if appointed the TrusteeG , to convene a general meeting of UnitholdersG at any time. Such a request must:
(a) state the purpose of the meeting;
(b) be dated;
(c) be signed by a number of registered UnitholdersG representing at least one-tenth in value of all of the UnitsG then in issue; and
(d) be deposited at the place of business of the Fund ManagerG , or if applicable, the TrusteeG or Appointed Fund Administrator of the FundG .
(3) If the FundG is an Investment TrustG , the primary responsibility to convene meetings in accordance with this RuleG rests with the Fund ManagerG , failing which, with the TrusteeG .
(4) A meeting of UnitholdersG of a FundG duly convened and held in accordance with the Law and RulesG is competent by Special ResolutionG to require, authorise or approve any act, matter or document in respect of which any such resolution is required. Such a resolution has no other powers or effect.
(5) Where no Special ResolutionG is specifically required or permitted by the Law or RulesG , any resolution of UnitholdersG required under the RulesG is passed by a simple majority of the votes validly cast for and against the resolution at a general meeting of UnitholdersG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]