Fund Manager must produce the required annual report and interim report as follows:
(a) an annual report within four months after the end of each annual accounting period; and
(b) an interim report within two months after the end of each interim accounting period.
(2) For the purposes of (1), the first annual accounting period of a
(a) in the case of a
Public Fund, on the date of registration by the DFSA; or
(b) in the case of an
Exempt Fund or a Qualified Investor Fund, on the date of notification to the DFSA; and
ends 12 months later. Thereafter, annual accounting periods cover the period between each subsequent financial year end.
(3) Notwithstanding the requirement in (2), a
Fund Manager may, subject to the prior approval of the DFSA, produce the Fund's reports and financial statements in accordance with the Fund Manager's reporting periods.
(4) For the purposes of (1), an interim accounting period is the period covering:
(a) 6 months after the date of registration of the
Fund with the DFSA in the case of a Public Fund, or the date of notification to the DFSA in the case of an Exempt Fund or Qualified Investor Fund; and
(b) 6 months after the anniversary of each annual accounting period.
(5) If a
Fund intends to change its annual or interim accounting period, the Fund Manager must:
(a) obtain written confirmation from its
Registered Auditor that the change of its annual accounting period would not result in any significant distortion of the financial position of the Fund; and
(b) obtain the
DFSA's prior consent before implementing the change.
(6) For a
Fund which is an Umbrella Fund, the Fund Manager must prepare an interim report for each Sub-Fund, but this is not necessary for the Umbrella Fund as a whole.
Fund Manager must prepare the annual and interim reports of the Fund in accordance with CIR Rule 9.2.1.
(8) The reports must:
(a) be supplied free of charge to
(b) be available in English,
(c) be sent to the
(d) if the
Fund is a Public Fund, be available for inspection free of charge during ordinary office hours at a place specified.