Home   Browse contents   View updates   Search  
     Quick search

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

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

CIR A3.1.1

View whole sectionWhole 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) The Fund ManagerG of a Public FundG must, by way of a Special ResolutionG , obtain prior approval from the UnitholdersG for any proposed change to the Domestic FundG which is a fundamental change.
(2) In addition to the specific fundamental changes in relation to a FundG prescribed under Article 35(1) of the Law and also under Rules CIR Rule 8.3.2, CIR Rule 8.13.3, CIR Rule 13.4.4(2) and CIR Rule 16.1.3(2), a "fundamental change" under (1) is a change or event which:
(a) changes the purpose or nature of the FundG ;
(b) may materially prejudice a UnitholderG ;
(c) alters the risk profile of the FundG ; or
(d) introduces any new type of payment out of Fund PropertyG .
(3) Notwithstanding (2) above, any change may be fundamental depending on its degree of materiality and effect on the FundG and its UnitholdersG . Consequently, the Fund ManagerG must determine whether in each case a particular change is fundamental in nature and, if the FundG is an Investment TrustG , obtain the Trustee'sG agreement to the outcome of the determination.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]