Purpose

Form B260 is designed to capture the data pertaining to acting as a trustee of CIFs and fund administration activity. The scope of this form includes all CIFs for which the services referred above are being provided irrespective of whether the CIFs are recognised or registered with the DFSA.

Applicability

This form is applicable to Authorised Firms licensed to act as a trustee to a CIF and to Authorised Firms licensed to provide fund administration services to CIFs or to other investment vehicles. These include Authorised Firms operating as branches in the DIFC. The Authorised Firms need to complete only the sections of the form which is/are applicable to them.

Content

The form is intended to capture information pertaining to the number of CIFs and the net asset value of the CIFs for which these services are being provided for each type of CIF. The form seeks the data referred above across funds categories — based on their public/private status and based on the domicile of the CIFs involved. Authorised firms are required to report all data on net asset value of funds in USD terms, including the net asset values of funds denominated in other currencies.

Structure of the form in EPRS

B260 is a single form which has two main sections. The first section seeks data pertaining to acting as a Trustee and the second section seeks data on fund administration activity. Both the main sections are similar in arrangement and both of them have two sub-sections.

The first sub-section — By Type of Funds requires data on number of funds and total net asset value of those funds classified as per their public/private status. The second sub-section — Domicile of Foreign Funds requires the same data classified as per the jurisdiction where the funds are domiciled.