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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 6 Rules Specific to Specialist Classes of Domestic Funds
CIR 13 Additional Requirements for Specialist Funds
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  Versions
(1 version)
 
Jul 11 2010 onwards

CIR 13.4.9



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.

The Fund ManagerG must disclose to UnitholdersG ;

(a) the ownership structure of the property interest and the material terms thereof, including restrictions on divestments and the impact or implication of such restrictions on the divestment value of the interest in the property;
(b) the identity, background and ownership of the remaining legal and beneficial owners in the property, transactional history of these owners with the FundG in relation to the property;
(c) financial, remuneration, fee-sharing or other material arrangements that have been or will be entered into between the FundG and the other owners of that property or their associates;
(d) a summary of the contents of the legal opinion in CIR Rule 13.4.7(1)(b) in relation to the property; and
(e) where appropriate:
(i) the nature of restrictions on foreign ownership and the duration of them, and the impact of such restrictions on the operations and financial position of the FundG as a whole;
(ii) the Valuer'sG opinion and evaluation of the impact of such prohibitions on the value of the property; and
(iii) any other information which may reasonably be relevant to a UnitholderG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]