(1) For the purposes of MKT Rule 6.3.1(b)(ii), the offer document relating to the
Foreign Fund must comply with the requirements:
(a) relating to a
Designated Fund in a Recognised Jurisdiction; or
(b) in a jurisdiction which provides a level of regulation relating to the offer which is acceptable to the
DFSA may accept an offer document referred to in (1)(b) subject to such conditions or restrictions imposed by the DFSA as it sees fit.
(3) Where an offer document referred to in (1) relates to a Security Token it must also contain additional information equivalent to that specified in MKT App 7.
(4) Where the offer document referred to in (1) is not in the English language, it must be accompanied by an English translation acceptable to the
(5) The procedures in Schedule 3 to the Regulatory Law apply to a decision of the
DFSA under this Rule to impose conditions or restrictions.
(6) If the
DFSA decides to exercise its power under this Rule to impose conditions or restrictions, the applicant may refer the matter to the FMT for review.