CIR 15.1.9

(1) An 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.
(2) An 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).
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
[Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]
[Amended] DFSA RMI308/2021 (Made 30th June 2021). [VER31/09-21]