GEN 2.12.1

Past version: effective from 01/02/2017 - 31/01/2017
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(1) In GEN Rule 2.2.2, Managing a Collective Investment Fund means:
(a) being legally accountable to the Unitholders in the Fund for the management of the property held for or within a Fund under the Fund'sConstitution; and
(b) establishing, managing or otherwise operating or winding up a Collective Investment Fund; and
(2) To the extent that any activity under (1) constitutes Managing Assets, Providing Fund Administration, Dealing as Agent, Dealing as Principal, Arranging Deals in Investments, or Providing Custody, such a Financial Service is taken to be incorporated within Managing a Collective Investment Fund.
(3) The Person referred to in (1) is a Fund Manager.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]
[Amended] DFSA RM72/2010 (Made 11th July 2010) [VER26/07-10]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]