MKT 6.2 MKT 6.2 General Requirements
Personmay have the Units of a Fundadmitted to an Official List of Securitiesonly 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 Fundfrom a Recognised Jurisdiction; or(ii) it is a Fund approved by the DFSAas a Fund subject to equivalent regulation as that applying to a Public Fund; andand 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).
MKT 6.2.2 MKT 6.2.2
Where an obligation applies to a
Reporting Entityof a Fundunder a provision of this chapter, except where expressly provided otherwise, the Governing Bodyof the Reporting Entitymust 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 Managera licensed Corporate Director, the Reporting Entityof that Fundis 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]