Authorised Firm may not make an Offer of a Unit of a Foreign Fund under the criteria in Article 54(1)(c) of the Law unless:
(a) it has first satisfied itself on reasonable grounds that the
Fund meets the criteria specified in Article 54(1)(c)(i), (ii) and (iii) of the Law; and
(b) it makes the
Offer in a manner that is in accordance with the criteria in Article 54(1)(c)(i) and (ii) of the Law.
Authorised Firm that relies on (1) for Offering Units of a Foreign Fund must be able to demonstrate to the DFSA that it conducted adequate due diligence to ensure compliance with (1)(a).