CIR 13.4.2A Guidance

Under this Rule, the arrangements must be legally effective to ensure that the Real Property is not available to creditors if the Fund Manager or ICC becomes insolvent. This might involve, for example, the use of trust arrangements or registration of title in the name of the Fund. This option only applies to custody of Real Property and not, for example, to Property Related Assets.

[Added] RM158/2015 (Made 9th December 2015). [VER19/02-16]
[Amended] DFSA RMI248/2019 (Made 18th December 2019) [VER26/12-19].