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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

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

CIR A3.1.2

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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) The Fund ManagerG of a Public FundG must give prior written notice to UnitholdersG in respect of any proposed change to the operation of a FundG where the change constitutes a significant change.
(2) A "significant change" in (1) is a change or event which is not a fundamental change under CIR Rule A3.1.2 but:
(a) affects a Unitholder'sG ability to exercise his rights in relation to his investment;
(b) would reasonably be expected to cause the UnitholderG to reconsider his participation in the FundG ;
(c) results in any increased payments out of the Fund PropertyG to the Fund ManagerG , the TrusteeG or any other director or an associate of either; or
(d) materially increases other types of payment out of Fund PropertyG .
(3) Changes may be significant depending in each case on their degree of materiality and effect on the FundG and its UnitholdersG . Consequently the Fund ManagerG will need to determine whether in each case a particular change is significant in nature or not and if the FundG is an Investment TrustG obtain the Trustee'sG agreement of 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]