CIR 14.4.10

A Fund Manager of a Fund that is an Incorporated Cell of an Incorporated Cell Company (ICC) must ensure that the Fund Prospectus includes information that:

(a) the Fund is an Incorporated Cell of an ICC;
(b) the Fund, being an Incorporated Cell:
(i) is a separate legal entity to the ICC and to any other Incorporated Cells of the ICC; and
(ii) does not have a subsidiary or holding company relationship to the ICC;
(c) the ICC, which is the Fund Platform, contains the infrastructure needed by the Fund Manager for managing the Fund; and
(d) the Fund Manager is:
(i) responsible for the sound and prudent operation of the Fund Platform; and
(ii) liable for any acts or omissions of the Fund Platform in respect of the Fund.
Added from DFSA RMI248/2019 (Made 18th December 2019) [VER26/12-19].