Versions

 

10.

Article 21(5) and 21(6) are replaced as follows:

(5) "The Operator of a Domestic Fund shall appoint an auditor in accordance with Part 5 and, except in respect of a Fund which is an Investment Trust, appoint an eligible person with whom the legal title of the Fund's property is registered.
(6) The DFSA shall, for the purposes of Article 21(5) make Rules prescribing criteria that a person must meet to be considered "eligible" and such Rules may permit the Operator to be considered "eligible" for the purposes of specified types of Fund."