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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
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(2 versions)
 
Jul 11 2010 - Jan 31 2016Feb 1 2016 onwards

Guidance



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 of a Public Property FundG is required pursuant to CIR Rule 8.3.2 to obtain the agreement of UnitholdersG by way of an ordinary resolution before undertaking a Related Party TransactionG where the total consideration or value of the transaction is 5% or more of the net asset value of the FundG . See also CIR App2 and CIR App3.
2. A Fund ManagerG of a Public Property FundG may enter into a Related Party TransactionG for the acquisition or sale of Real PropertyG in the State without obtaining specific approval for the transaction under CIR Rule 8.3.2 if all of the conditions in CIR Rule 13.4.11A(1) are met.
3. If a Fund ManagerG enters into a Related Party TransactionG under the exclusion in CIR Rule 13.4.11A, it must notify UnitholdersG of details of the transaction as soon as practicable after entering into the transaction. It also must disclose in the Fund'sG ProspectusG if it has UnitholderG approval to enter into such transactions without obtaining a resolution in each case (see CIR Rule 14.4.4B).
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] RM158/2015 (Made 9th December 2015). [VER19/02-16]