A Person may have the Units of a Fund admitted to an Official List of Securities of an Authorised Market Institution only 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 Fund from a Recognised Jurisdiction; or
(ii) it is a Fund approved by the DFSA as a Fund subject to equivalent regulation as that applying to a Public Fund; and
(iii) which 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.
Derived from RM81/2011
(Made 30th November 2011). [VER1/11-11]