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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
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  • CIR 9.2 Preparation of Fund financial statements

    • Financial statements and financial reporting standards

      • CIR 9.2.1

        (1) A Fund ManagerG of a FundG must prepare financial statements for each financial year of the FundG .
        (2) A Fund ManagerG must, in respect of a FundG , prepare and maintain all financial statements in accordance with the International Financial Reporting Standards (IFRS)G or USGAAPG as supplemented by the Statement of Recommended Practice (SORP)G .
        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
        [Amended] DFSA RM107/2012 (Made 23rd December 2012). [VER15/07-12]
        [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]

    • Accounting Records

      • CIR 9.2.2

        A Fund ManagerG must keep Accounting RecordsG that are sufficient to show and explain transactions and are as such, to:

        (a) be capable of disclosing the financial position of the FundG on an ongoing basis; and
        (b) record the financial position of the FundG as at its financial year end.
        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
        [Amended] DFSA RM126/2013 (Made 14th July 2013). [VER16/07-13]

      • CIR 9.2.3

        Accounting RecordsG must be maintained by a Fund ManagerG such as to enable the Governing BodyG and, if appointed, the TrusteeG or any PersonsG providing the oversight function of the FundG to ensure that any financial statements prepared by the Fund ManagerG in relation to the FundG comply with the legislation applicable in the DIFCG .

        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
        [Amended] DFSA RM126/2013 (Made 14th July 2013). [VER16/07-13]
        [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]

      • CIR 9.2.4

        The Accounting RecordsG must be:

        (a) retained by the Fund ManagerG or FundG for at least six years from the date to which they relate;
        (b) at all reasonable times, open to inspection by the DFSAG or the Registered AuditorG of the FundG ; and
        (c) capable of reproduction, within a reasonable period not exceeding 3 business days, in hard copy and in English.
        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
        [Amended] DFSA RM126/2013 (Made 14th July 2013). [VER16/07-13]
        [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]