CIR 14.4.12

(1) A Fund Manager of a Venture Capital Fund must ensure that the Fund’s Prospectus sets out clearly any legal requirements that ordinarily apply to Fund Managers and their Funds, but which are, by DFSA Rules, disapplied to the Fund Manager in relation to the Venture Capital Fund.
(2) A Fund Manager is not required under (1) to disclose that a requirement is disapplied if it voluntarily complies in full with the disapplied provision.
Derived from DFSA RMI279/2020 (Made 28th October 2020). [VER29/11-20]