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CIR 13.4.2A

Past version: effective from 01/02/2016 - 28/12/2019
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A Fund Manager of an Exempt Property Fund is not required to appoint an Eligible Custodian under CIR Rule 8.2.2(2) for Real Property if the Fund Manager:

(a) acts as custodian of the Real Property; and
(b) has in place effective arrangements which ensure that the Real Property is not available to creditors if the Fund Manager becomes insolvent.
[Added] RM158/2015 (Made 9th December 2015). [VER19/02-16]