Past version: effective from 01/12/2007 - 04/11/2008
To view other versions open the versions tab on the right
Operator must pay to the DFSA in respect of each Domestic Fund
for which it is the Operator the annual fee prescribed in (2) for any
period after the initial period described in FER Rule 3.9.1.
(2) The annual fee for any period after the initial period is:
(a) the amount calculated by multiplying the net asset value of the Fund by 0.001; or
(b) in the case of an
Umbrella Fund, the amount calculated by
adding together the net asset value of each of its sub-funds
and multiplying that total figure by 0.001.
(3) The annual fee in (2) is subject to a minimum amount of $10,000 and a maximum amount of $50,000.
Derived from DFSA RM52/2007 (Made 1st December 2007). [VER1/12-07]