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

CIR 13.4.13



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) Where any Related PartyG has an interest in an UndertakingG which competes or is likely to compete, either directly or indirectly, with the Fund'sG activities, the Fund ManagerG of a Public Property FundG must disclose to UnitholdersG and where appointed, the TrusteeG , the following:
(a) a description of the UndertakingG of the Related PartyG and its management, to enable UnitholdersG to assess the nature, scope and size of such business, with an explanation as to how such UndertakingG may compete with the FundG ;
(b) where applicable, a statement from the relevant Related PartyG that it is capable of performing, and shall perform, its duty in relation to the FundG independently of its related business and in the best interests of the FundG and its holders; and
(c) a statement as to whether the FundG may acquire any of the related business or assets of the Related PartyG .
(2) If there is any change in information required under (1) after initial disclosure, the Fund ManagerG must disclose such changes to the UnitholdersG and where appointed the TrusteeG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] RM158/2015 (Made 9th December 2015). [VER19/02-16]