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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • 62. Winding up required by a Fund's Constitution

    The Constitution of a Fund may provide that the Fund is to be wound up:

    (a) at a specified time; or
    (b) in specified circumstances or on the happening of a specified event;
    but a provision of the Constitution that purports to provide that the Fund is to be wound up if a particular Authorised Firm ceases to be its Operator or Trustee is of no effect including for the purposes of Article 65(1)(a).