Investment Company must:
(a) not have any directors other than a
Corporate Director; and
Articles of Association that permit the company to appoint that Corporate Director as its Fund Manager.
Corporate Director must ensure that:
(a) the requirements in (1) are met;
(b) it is registered under the
Companies Law of the DIFC;
(c) it has at least two individuals appointed as its directors; and
(d) it does not act as the
Fund Manager of any Fund other than the Investment Company or Manage Assets for another Person.
[Derived from] DFSA RM218/2018 (Made 22nd February 2018) [VER23/12-18]