Entire Section

  • MKT 6.2 MKT 6.2 General Requirements

    • MKT 6.2.1

      (1) A Person may have the Units of a Fund admitted to an Official List of Securities only if:

      (a) in the case of a Domestic Fund, it is a Public Fund; and
      (b) in the case of a Foreign Fund:
      (i) it is a Designated Fund from a Recognised Jurisdiction; or
      (ii) it is a Fund approved by the DFSA as a Fund subject to equivalent regulation as that applying to a Public Fund; and
      and it meets the relevant criteria in (2) as applicable.

      (2) The relevant criteria for the purposes of (1)(b) are:

      (a) in the case of a fund that meets the criteria of a Property Fund, it is a closed-ended investment vehicle and 60% or more of the Fund's assets comprise Real Property;
      (b) in the case of a fund that is referred to in its offer documents as an "Exchange Traded Fund" or "ETF", it complies with CIR Rule 3.1.12; and
      (c) in the case of a fund that is referred to in its offer documents as an "Islamic Exchange Traded Fund" or "Islamic ETF", it complies with IFR Rule 6.13.1(2).
      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
      [Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]
      [Amended] DFSA RM219/2018 (Made 22nd February 2018). [VER13/12-18]

    • MKT 6.2.2 MKT 6.2.2

      Where an obligation applies to a Reporting Entity of a Fund under a provision of this chapter, except where expressly provided otherwise, the Governing Body of the Reporting Entity must ensure compliance with that obligation.

      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]

      • MKT 6.2.2 Guidance

        In the case of an Investment Company (Fund) which has as its Fund Manager a licensed Corporate Director, the Reporting Entity of that Fund is its Corporate Director. See CIR section 8.1A for details relating to Corporate Directors.

        Derived from DFSA RM219/2018 (Made 22nd February 2018). [VER13/12-18]