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Dubai Financial Services Authority (DFSA): Contents

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  Versions
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Jul 11 2010 - Aug 20 2014Aug 21 2014 onwards

CIR 14.4.3



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 - Aug 20 2014.
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 also disclose in the Fund'sG ProspectusG , in addition to the standard disclosure requirements, in respect of investment limits, the following information:

(a) what percentage of the Property Fund'sG net assets may consist of property related assets which are not traded in or dealt on markets provided for in the ConstitutionG ;
(b) unless the ConstitutionG and the ProspectusG state that the FundG invests in a single property, the maximum percentage of the Fund'sG net assets which may be invested in any single property or, if applicable, the conditions under which the FundG may derogate from this restriction;
(c) the maximum percentage of the Property Fund'sG net assets which may be invested in properties which are vacant, in the process of development or requiring development; and
(d) the maximum percentage of the Property Fund'sG net assets which may be invested in properties which are subject to a mortgage; and
(e) If it is a Private FundG , that borrowing may not exceed 100% of the value of the net assets of the Property FundG , which may be generally secured on the properties of the FundG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]