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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Fees Module (FER) [VER20/02-19]
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FER 3.10.1



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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.

Past version: effective from Nov 5 2008 - Nov 24 2009.
To view other versions open the versions tab on the right.

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

(1) An OperatorG must pay to the DFSAG in respect of each Domestic FundG for which it is the OperatorG the annual fee prescribed in (2) for any period after the initial period described in FER Rule 3.9.1.
(2) The annual fee for any period after the initial period is:
(a) the amount calculated by multiplying the net asset value of the Fund by 0.001; or
(b) in the case of an Umbrella FundG , the amount calculated by adding together the net asset value of each of its sub-funds and multiplying that total figure by 0.001.
(3) The net asset value, for the purposes of (2), is the net asset value:
(a) on 10 November;
(b) determined at the most recent valuation conducted prior to 10 November; or
(c) as at the date of registration or notification, if the registration or notification of a FundG takes place after 10 November,
calculated in accordance with CIR section 6.5.
(4) The annual fee in (2) is subject to a minimum amount of $10,000 and a maximum amount of $50,000.

Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]
[Amended] DFSA RM61/2008 (Made 5th November 2008). [VER2/11-08]