Home   Browse contents   View updates   Search  
     Quick search
Go
   

Whole SectionText only Print Print Manager Link


  Versions
(3 versions)
 

3. Defined Terms



Whole Section PDF

To view past versions of this module in PDF format, please visit the Archive.

In this Law, unless the context indicates otherwise, the defined terms listed below shall have the corresponding meanings:

Terms Definition
Authorised Firm a person who holds a Licence to carry on one or more Financial Services prescribed pursuant to Article 42(1) of the Regulatory Law 2004, as an Authorised Firm.
Collective Investment Fund has the meaning given in the Collective Investment Law 2010.
Constitution has the meaning given in the Collective Investment Law 2010
Court the DIFC Court as established under Dubai Law.
DFSA the Dubai Financial Services Authority.
DFSA Board of Directors the governing body of the DFSA established under Chapter 2 of Part 2 of the Regulatory Law 2004.
DIFC the Dubai International Financial Centre.
Financial Markets Tribunal the Financial Markets Tribunal referred to in Article 26 of the Regulatory Law 2004.
FMT the Financial Markets Tribunal
Financial Service is a financial activity prescribed in GEN section 2.2 of the DFSA Rulebook.
Fund a Collective Investment Fund.
Fund Manager the person, described under Article 20(4) of the Collective Investment Law 2010.
Governing Body

a person who is, or a body of persons who together form the directing mind of a Fund including but not limited to:

a) its Fund Manager, a member of its main or supervisory board, a General Partner; or
b) any other person or body of persons exercising equivalent powers and functions in relation to directing the operation of a Fund
Investment Trust an express trust created solely for collective investment purposes as provided under Article 12 of this Law.
Law the Investment Trust Law 2006.
Licence a licence granted by the DFSA under Chapter 2 of Part 3 of the Regulatory Law 2004.
Prospectus a document containing such information as prescribed under the Collective Investment Law 2010 and rules made for the purposes of that law.
Ruler the ruler of the Emirate of Dubai.
Special Resolution has the meaning given in the Collective Investment Law 2010.
State United Arab Emirates
Trustee a person who is appointed as Trustee under the Trust Deed that constitutes an Investment Trust.
Trust Deed a deed that meets the requirements in Article 12 of this Law.
Unit is an interest representing rights or interests of a participant in an Investment Trust.
Unitholder is a person who holds a Unit or interest in a Unit of an Investment Trust.