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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]
Sourcebook Modules
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  • CIR 10.1 Application

    • CIR 10.1.1

      (1) This chapter applies to a Fund ManagerG and TrusteeG of a Domestic FundG which is a Public FundG , and also to PersonsG providing the oversight function for such a FundG .
      (2) A Fund ManagerG and TrusteeG of a Public FundG are not subject to the oversight requirement in (1) if the Fund'sG investments are limited to those that require passive management and the Fund'sG systems and controls contain adequate measures to address any risks arising in that context.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

      • CIR 10.1.1 Guidance

        FundsG are passively managed if they are investing in products such as index tracking products.

        Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]

    • CIR 10.1.2

      A reference in this chapter to:

      (a) a "Fund ManagerG " or "TrusteeG " includes a reference to a PersonG proposing to be the Fund ManagerG or TrusteeG of a Domestic FundG ;
      (b) a "FundG " includes a reference to a FundG registered or seeking to be registered as a Public FundG ; and
      (c) a reference to a "PersonG providing the oversight function" includes a reference to an individual or a body corporate appointed or to be appointed as a PersonG providing oversight function for a FundG .
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]