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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]
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Whole SectionText only Print Print Manager Link

(2 versions)
Jul 11 2010 - Aug 20 2014Aug 21 2014 onwards

CIR 9.4.2

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 must produce the required annual report and interim report as follows:
(a) an annual report within four months after the end of each annual accounting period; and
(b) an interim report within two months after the end of each interim accounting period.
(2) For the purposes of (1), the first annual accounting period of a FundG begins:
(a) in the case of a Public FundG , on the date of registration by the DFSAG ; or
(b) in the case of an Exempt FundG or a Qualified Investor FundG , on the date of notification to the DFSAG ; and
ends 12 months later. Thereafter, annual accounting periods cover the period between each subsequent financial year end.
(3) Notwithstanding the requirement in (2), a Fund ManagerG may, subject to the prior approval of the DFSAG , produce the Fund'sG reports and financial statements in accordance with the Fund Manager'sG reporting periods.
(4) For the purposes of (1), an interim accounting period is the period covering:
(a) 6 months after the date of registration of the FundG with the DFSAG in the case of a Public FundG , or the date of notification to the DFSAG in the case of an Exempt FundG or Qualified Investor FundG ; and
(b) 6 months after the anniversary of each annual accounting period.
(5) If a FundG intends to change its annual or interim accounting period, the Fund ManagerG must:
(a) obtain written confirmation from its Registered AuditorG that the change of its annual accounting period would not result in any significant distortion of the financial position of the FundG ; and
(b) obtain the DFSA'sG prior consent before implementing the change.
(6) For a FundG which is an Umbrella FundG , the Fund ManagerG must prepare an interim report for each Sub-FundG , but this is not necessary for the Umbrella FundG as a whole.
(7) The Fund ManagerG must prepare the annual and interim reports of the FundG in accordance with CIR Rule 9.2.1.
(8) The reports must:
(a) be supplied free of charge to UnitholdersG ;
(b) be available in English,
(c) be sent to the DFSAG ; and
(d) if the FundG is a Public FundG , be available for inspection free of charge during ordinary office hours at a place specified.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]