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  • CIR 13.1A Guidance

    See CIR Rule 3.1.3 for the definition of a Fund of Funds.

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

    • CIR 13.1.1A

      (1) A Fund manager of a Fund of Funds may not invest in:
      (a) another Fund of Funds;
      (b) a Feeder Fund;
      (c) any Fund which is dedicated to investment in a number of Funds;
      (d) any Fund which is dedicated to investment in a single Fund or in a single investment trust; and
      (e) any Sub-Fund of an Umbrella Fund or Sub-Fund of any other Fund which is equivalent to a Fund within (a) to (d).
      (2) Not more than 25% in value of the Fund Property is to consist of Units in anyone Fund.
      (3) For the purpose of (1) and (2), each Sub-Fund of an Umbrella Fund and of an equivalent Fund is to be treated as if it were a separate Fund.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
      [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]