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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Collective Investment Rules (CIR) [VER26/12-19 ]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole Section Print Print Manager Link

(2 versions)
Jul 11 2010 - Jan 31 2016Feb 1 2016 onwards

CIR 14.4.2

Whole Section PDF

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 Jul 11 2010 - Jan 31 2016.
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.

A Fund ManagerG of a Property FundG must ensure that the following information is disclosed in the Fund'sG ProspectusG :

(a) the nature of the commitment which prospective UnitholdersG will enter into;
(b) the risks involved in this type of FundG ;
(c) the prominent risk warning which makes reference to circumstances in property markets which can cause difficulties in meeting redemptions;
(d) details of the Property Fund'sG appointed ValuerG under CIR Rule 13.4.18(1);
(e) in a prominent position in the ProspectusG , the redemption procedures;
(f) the dividend or income distribution policy;
(g) the insurance arrangement for the FundG ;
(h) a statement with respect to any material policy regarding real property activities;
(i) details of transactions or agreements entered into with Affected PersonsG ;
(j) full particulars of the nature and extent of the interest, if any, of Affected PersonsG , in the property owned or proposed to be acquired by the FundG ;
(k) details of significant holders and the number of units held and deemed to be held by each of them;
(l) details of principal taxes levied on the Fund'sG income and capital, including tax, if any, deducted on distribution to UnitholdersG ;
(m) a statement to explain the standards according to which the property valuations are conducted; and
(n) if applicable, the FundG is a REITG and whether the investment vehicle is an Investment CompanyG or an Investment TrustG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]