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Dubai Financial Services Authority (DFSA): Contents

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MKT 6.3.1



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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 Jul 5 2012 - Jul 13 2013.
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) A PersonG intending to have UnitsG admitted to trading on an Authorised Market InstitutionG must, subject to (2), (3) and (4) ), submit to the DFSAG :
(a) a completed application using the appropriate form set out in AFN and the relevant fee prescribed in FER;
(b) a ProspectusG relating to the Fund ("Fund Prospectus") which:
(i) complies with, in the case of a Domestic FundG , the requirements in the Collective Investment Law 2010 and CIR that apply to a Public FundG ;
(ii) is prepared, in the case of a Foreign FundG , in accordance with the requirements in Rule 6.3.3; and
(iii) a prominent disclaimer in bold, on the front page of the ProspectusG , as follows:
"The DFSAG does not accept responsibility for the content of the information included in the ProspectusG , including the accuracy or completeness of such information. The liability for the content of the ProspectusG lies with the issuer of the ProspectusG and other PersonsG , such as ExpertsG , whose opinions are included in the ProspectusG with their consent. The DFSAG has also not assessed the suitability of the SecuritiesG to which the ProspectusG relates to any particular investor or type of investor. If you do not understand the contents of this ProspectusG or are unsure whether the SecuritiesG to which the ProspectusG relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial advisor."
(c) where subsequent drafts or versions of the Fund ProspectusG are submitted, a marked up version showing changes from the previous version submitted to the DFSAG ;
(d) if information is incorporated in the Fund ProspectusG by reference to another document, a copy of that other document;
(e) the identity of the PersonG who is or intends to be the Reporting EntityG ;
(f) contact details of two individuals who are sufficiently knowledgeable about the content of the document referred to in (b) to be able to answer queries of the DFSAG during business hours; and
(g) any other information that the DFSAG may require.
(2) The application in (1) must be submitted to the DFSAG :
(a) in the case of an applicant who has not made a previous Public OfferG , at least [20] business days prior to the intended date on which the applicant expects the ProspectusG to be approved;
(b) in other cases, at least [10] business days before the intended date on which the applicant expects the ProspectusG to be approved; and
(c) in the case of a Supplementary ProspectusG , as soon as is reasonably possible.
(3) In the case of a Supplementary ProspectusG , the application for approval must:
(a) be made using the appropriate form set out in the AFN module;
(b) accompanied by the relevant fee prescribed in the FER module; and
(c) include:
(i) in the case of a Domestic FundG , a Supplementary ProspectusG which meets the requirements in the Collective Investment Law 2010 and the CIR Rules; and
(ii) in the case of a Foreign FundG , a document which meets the equivalent requirements applicable in the jurisdiction in which the Fund is established or domiciled.
Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]