Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Waivers and Modification Notices
2018
W581/2018 — Dubai Cultiv8 Investments Limited
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Oct 25 2018 onwards

W581/2018 — Dubai Cultiv8 Investments Limited



Click here to view PDF.

MODIFICATION NOTICE

To Dubai Cultiv8 Investments Limited
Address Office 41, Level 15, West Wing, The Gate Building, DIFC,
Dubai, UAE
DFSA Firm Reference No. F004373
Notice No. W581/2018

THE DFSA HEREBY GIVES NOTICE THAT:

The Rule specified in the left hand column of the table herein does not apply to the above mentioned Person with respect to Dubai Cultiv8 LP (the Fund) in the form appearing in the Rulebook but instead applies as modified in the right hand column of the table.

RULES MODIFIED

The Rule specified in the left hand column is modified to the extent shown in the right hand column of the table below. In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered.

Rule Modified Text
CIR 12A.3.1

(1) For the purposes of Article 27(1)(e) of the Law, the Fund Manager of a Qualified Investor Fund that is not an Investment Trust must ensure that the legal title to Fund Property is registered with an Eligible Custodian.

(2) The requirement in Article 27(1)(e) of the Law does not apply in relation to Fund Property of a Qualified Investor Fund that is:

(a) a Property Fund; or
(b) a Private Equity Fund.; or
(c) a Fund of Funds to the extent that it invests in Property Funds and/or Private Equity Funds.

(3) If the Fund Manager of a Qualified Investor Fund itself holds Fund Property of a kind referred to in (2), it must have in place effective arrangements which ensure that the Fund Property is not available to creditors in the event of the insolvency of the Fund Manager.

CONDITIONS

None

EFFECTIVE PERIOD

This notice comes into effect on the date of issue and remains in force until further notice.

INTERPRETATION

The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.

Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

THIS NOTICE IS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:

Name: Peter Smith


Position: Acting Chief Executive
DATE OF ISSUE: 25 October 2018