CIR 15.1.7

A Foreign Fund meets the Property Fund condition referred to in Rule CIR 15.1.5(b) or CIR 15.1.6(1)(b) as is applicable where:

(a) 60% or more of the Fund's assets comprise of Real Property, Property Related Assets or Units in another Property Fund;
(b) the Fund is a Closed-ended Fund; and
(c) the Units of the Fund are either:
(i) listed and traded on an Authorised Market Institution or on an exchange regulated in a Recognised Jurisdiction; or
(ii) Offered only by means of a Private Placement.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] DFSA RM218/2018 (Made 22nd February 2018). [VER23/12-18]