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Dubai Financial Services Authority (DFSA): Contents

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MKT 6.2.1



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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) A PersonG may have the Units of a FundG admitted to an Official List of SecuritiesG only if:

(a) in the case of a Domestic FundG , it is a Public FundG ; and
(b) in the case of a Foreign FundG :
(i) it is a Designated FundG from a Recognised JurisdictionG ; or
(ii) it is a Fund approved by the DFSAG as a Fund subject to equivalent regulation as that applying to a Public FundG ; and
and it meets the relevant criteria in (2) as applicable.

(2) The relevant criteria for the purposes of (1)(b) are:

(a) in the case of a fund that meets the criteria of a Property FundG , it is a closed-ended investment vehicle and 60% or more of the FundG 's assets comprise Real PropertyG ;
(b) in the case of a fund that is referred to in its offer documents as an "Exchange Traded FundG " or "ETFG ", it complies with CIR Rule 3.1.12; and
(c) in the case of a fund that is referred to in its offer documents as an "Islamic Exchange Traded FundG " or "Islamic ETFG ", it complies with IFR Rule 6.13.1(2).
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
[Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]
[Amended] DFSA RM219/2018 (Made 22nd February 2018). [VER13/12-18]