GEN 2.25.1

(1) In GEN Rule 2.2.2, Acting as the Trustee of a Fund means holding the assets of a Fund on trust for the Unitholders where the Fund is in the form of an Investment Trust.
(2) To the extent that any activity under (1) constitutes Providing Fund Administration or Providing Custody, such a Financial Service is taken to be incorporated within Acting as the Trustee of a Fund.
[Added] DFSA RM34/2006 [VER11/08-06]
[Amended] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]