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Dubai Financial Services Authority (DFSA): Contents

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Jul 11 2010 onwards

CIR 13.3.1

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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 a Private Equity FundG is not required to appoint an Eligible CustodianG for the FundG pursuant to CIR Rule 8.2.2 where it meets the requirements in (2) and (3).
(2) A Fund ManagerG of a Private Equity FundG must call a meeting of UnitholdersG to vote on the election of at least three experts who are independent of the Fund ManagerG to sit on an investment committee of the FundG .
(3) The committee members in (2) must not involve themselves in the day to day management of the FundG but are appointed to review investment opportunities.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]