GEN 2.12.1

(1) In GEN Rule 2.2.2, Managing a Collective Investment Fund means:
(a) being legally accountable to the Unitholders in the Fund for the management of the property held for or within a Fund under the Fund's Constitution; and
(b) establishing, managing or otherwise operating or winding up a Fund; and
(2) To the extent that any activity under (1) constitutes Managing Assets, Providing Fund Administration, Dealing as Agent, Dealing as Principal, Arranging Deals in Investments, Providing Custody or, in relation to a Credit Fund, Providing Credit, Arranging Credit or Advising on Credit, such a Financial Service is taken to be incorporated within Managing a Collective Investment Fund.
(3) The Person referred to in (1) is a Fund Manager.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]
[Amended] DFSA RM72/2010 (Made 11th July 2010) [VER26/07-10]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]
[Amended] DFSA RMI247/2019 (Made 18th December 2019). [VER45/12-19]
[Amended] DFSA RMI324/2022 (Made 27th April 2022). [VER55/06-22]