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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • CIR 14.4.2

    A Fund Manager of a Property Fund must ensure that the following information is disclosed in the Fund's Prospectus:

    (a) the nature of the commitment which prospective Unitholders will enter into;
    (b) the risks involved in this type of Fund;
    (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's appointed Valuer under CIR Rule 13.4.18(1);
    (e) in a prominent position in the Prospectus, the redemption procedures;
    (f) the dividend or income distribution policy;
    (g) the insurance arrangement for the Fund;
    (h) a statement with respect to any material policy regarding real property activities;
    (i) details of transactions or agreements entered into with Related Parties;
    (j) full particulars of the nature and extent of the interest, if any, of Related Parties, in the property owned or proposed to be acquired by the Fund;
    (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's income and capital, including tax, if any, deducted on distribution to Unitholders;
    (m) a statement to explain the standards according to which the property valuations are conducted; and
    (n) if applicable, the Fund is a REIT and whether the investment vehicle is an Investment Company or an Investment Trust.
    Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
    [Amended] RM158/2015 (Made 9th December 2015). [VER19/02-16]