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COB 11.6.2 Guidance

Property Investment Crowdfunding permits investors to invest in one or more Special Purpose Vehicles that each hold a single property. The operator should not facilitate investments in a pool of properties held in a single Special Purpose Vehicle; as such a pooling arrangement is likely to constitute a Collective Investment Fund. GEN Rule 2.2.10E prohibits an operator from operating such a Fund.

Derived from DFSA RMI254/2019 (Made 26th June 2019). [VER33/07-19]