GEN 2.12.3

An Incorporated Cell Company does not Manage a Collective Investment Fund under Rule 2.12.1(1), or carry on a Financial Service referred to in Rule 2.12.1(2), if:
(a) the user of the ICC is a Fund Manager that has an endorsement permitting it to use the Fund Platform; and
(c) the ICC merely provides infrastructure in relation to a Fund that is an Incorporated Cell of the ICC.
Derived from DFSA RMI247/2019 (Made 18th December 2019). [VER45/12-19]