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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Collective Investment Rules (CIR) [VER26/12-19 ]
Part 4 Core Rules Relating to Establishment and Management of Domestic Funds
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Jul 11 2010 onwards

CIR 8.12.3

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) Subject to CIR Rules 8.12.4, a TrusteeG may, with the prior written consent of the Fund ManagerG , delegate one or both of the Financial ServiceG activities of Providing Fund AdministrationG and Providing CustodyG to a Service ProviderG .
(2) For the purposes of (1), and in relation to Providing Fund AdministrationG for a Public FundG , the Service ProviderG must be:
(a) a PersonG authorised by the DFSAG to carry on the activity of Providing Fund AdministrationG ; or
(b) a PersonG who is lawfully entitled in a Zone 1G jurisdiction or Recognised JurisdictionG to carry on in that jurisdiction the activities of:
(i) asset pricing and FundG valuation;
(ii) issuing and redemption of UnitsG ; and
(iii) record keeping and maintaining the UnitholdersG register.
(3) For the purposes of (1), and in relation to Providing CustodyG , the Service ProviderG must be an Eligible CustodianG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]