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CIR 14.4.11

A Fund Manager of a Venture Capital Fund must ensure that the Fund’s Prospectus includes a prominent risk warning disclosing that the small to medium size businesses in which the Fund invests are highly illiquid investments, are likely to need to be held for a considerable period by the Fund, and also are likely to have a high rate of failure as they are usually new businesses.
Derived from DFSA RMI279/2020 (Made 28th October 2020). [VER29/11-20]