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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 ]
Part 4 Core Rules Relating to Establishment and Management of Domestic Funds
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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  • CIR 8.3.1

    (1) The Fund ManagerG and, if it is a FundG structured as an Investment TrustG , the TrusteeG , must take reasonable steps to ensure that in any dealing in relation to the Fund PropertyG such dealings do not give rise to a conflict of interest.
    (2) Where a conflict of interest arises, whether in dealings with Related PartiesG or otherwise, the Fund ManagerG and, if appointed, the TrusteeG , must disclose to the UnitholdersG the nature of the conflict and how the conflict will be managed.
    (3) The Fund ManagerG must take reasonable steps to establish and implement remuneration policies and practices which:
    (a) are consistent with sound and effective risk management of the FundsG it manages; and
    (b) do not, to the extent practicable, encourage risk-taking inconsistent with the investment objectives and risk profile of such FundsG .
    Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
    [Amended] RM195/2016 (Made 7th December 2016). [VER22/02-17]
    [Amended] DFSA RM218/2018 (Made 22nd February 2018) [VER23/12-18]

    • CIR 8.3.1 Guidance

      GEN Rule 4.2.12 (Principle 12) requires an Authorised FirmG to have remuneration structures and strategies which are well aligned with the long term interests of the firm, and are appropriate to the nature, scale and complexity of its business. That requirement is extended under CIR Rule 8.3.1(3) to cover remuneration practices relating to FundsG which a Fund ManagerG manages.

      [Derived from] DFSA RM218/2018 (Made 22nd February 2018) [VER23/12-18]