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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
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
Notices
Financial Markets Tribunal
Archive

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  • CIR 8.5 Determination of Single Price

    • CIR 8.5.1

      (1) A Fund ManagerG must take all reasonable steps and exercise due diligence to ensure that the UnitsG in the FundG are correctly priced in accordance with the applicable accounting procedures to ascertain an accurate single price for a UnitG .
      (2) The price of a UnitG must be calculated on the basis of the valuation in CIR Rule 8.4.1 in a manner that is fair and reasonable as between UnitholdersG .
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

    • CIR 8.5.2

      (1) A Fund ManagerG must take immediate action to rectify any breach of CIR Rule 8.4.1 where such breach relates to the incorrect pricing of UnitsG .
      (2) In (1), unless the incorrect pricing in respect of an issue is of minimal significance, the Fund ManagerG must inform the DFSAG , and if appointed, the TrusteeG or Eligible CustodianG or other PersonsG providing oversight functions in relation to the FundG , of such a rectification.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]