Entire Section

  • Exempt Offers in Respect of Units

    • MKT 6.3.5

      The prohibition in Article 14(1)(b) of the Law does not apply, subject to the requirement in Rules 6.3.6, to the admission to trading on an Authorised Market Institution of:

      (a) Units representing, over a period of 12 months, less than 10 per cent of the number of Units of the same class al admitted to trading on the same Authorised Market Institution;
      (b) Units issued in substitution for Units of the same class al admitted to trading on the same Authorised Market Institution, if the issue of Units does not involve any increase in the issued capital;
      (c) Units offered, allotted or to be allotted to existing Unitholders free of charge, or in respect of dividends paid out in the form of Units of the same class as the Units in respect of which the dividends are paid, if:
      (i) the Units are of the same class as the Units al admitted to trading on the same Authorised Market Institution; and
      (ii) a document is made available containing information on the number and nature of the Units and the reasons for and details of the offer; or
      (d) Units al admitted to trading on another Authorised Market Institution or Regulated Exchange (the "other market"), where:
      (i) the Units of the same class have been admitted to trading and continuously traded on the other market for more than 18 months;
      (ii) the ongoing obligations for trading on that other market have been complied with; and
      (iii) there is a summary document in the English language approved by the DFSA and published:
      (A) containing the Key Information required under Rule 2.5.2(1)(b);
      (B) stating where the most recent and current Prospectus, if any, can be obtained; and
      (C) specifying where the financial information published by the Issuer pursuant to its ongoing disclosure obligations of the other market is available.
      Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
      [Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]

    • MKT 6.3.6

      All Units in a class of Securities admitted to trading including those specified under Rule 6.3.5 must be traded on an Authorised Market Institution or a Regulated Exchange.

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