Entire Section

  • FPR 2.1 FPR 2.1 Passported Funds

    • FPR 2.1.1

      This section applies if the DIFC is the Home Jurisdiction or Host Jurisdiction of a Passported Fund.

      Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]

    • FPR 2.1.2

      A Domestic Fund that is registered as a Passported Fund in accordance with these Rules must be either a Public Fund or a Private Fund.

      Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]

    • FPR 2.1.3

      If a Passported Fund is a Private Fund, the Fund Manager, its Agent and any other Licensed Person may Promote the Units in the Fund only by way of private placement to Qualified Investors and if the initial subscription is not less than $50,000 (or its equivalent in another currency).

      Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]

    • FPR 2.1.4 FPR 2.1.4

      If a Passported Fund is a Public Fund, the Fund Manager, its Agent and any other Licensed Person may Promote the Units in the Fund to Retail Investors and Qualified Investors.

      Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]

      • FPR 2.1.4 Guidance

        A Public Fund as defined in these Rules corresponds to a Public Fund under CIR and a Private Fund as defined in these Rules corresponds to an Exempt Fund or QIF under CIR.

        Derived from RMI233/2019 (Made 20th February 2019). [VER1/02-19]