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CIR 8.1A.2

(1) The Investment Company must:
(a) not have any directors other than a Corporate Director; and
(b) have Articles of Association that permit the company to appoint that Corporate Director as its Fund Manager.
(2) The 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]