W 041/07 PIB — Volaw Trust & Corporate Services Limited
|To||Volaw Trust & Corporate Services Limited|
|Address||Office 611, 6th Floor, Emaar Business Park, Building 4, Sheikh Zayed Rd, Dubai, UAE. P O Box 215068, Dubai—UAE|
|DFSA Firm Reference No.||F000047|
THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the table herein do not apply to the above mentioned Person.
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective date: This notice comes into effect on 23 May 2007 and remains in effect for so long as the Gulf Investment Trust remains an unlisted Private Fund.
The Rules waived are set out in the table below and Table 2 in PIB chapter 1 is to be construed accordingly.
|DFSA Rulebook Module Version||Rule|
|PIB/VER8/02-07||PIB Chapter 1, PIB Section 1.2 & PIB Section 1.4 (Financial Resources & The Trading Book)|
|PIB/VER8/02-07||PIB Chapter 2, all Sections (Capital)|
|PIB/VER8/02-07||PIB Chapter 4, PIB Section 4.3 to PIB Section 4.10 (Credit Risk)|
|PIB/VER8/02-07||PIB Chapter 5, PIB Section 5.3 to PIB Section 5.9 (Market Risk)|
|PIB/VER8/02-07||PIB Chapter 7, PIB Section 7.3 and PIB Section 7.4 (Group Risk)|
The waivers in respect of the Rules specified above remain in effect on condition that:
The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.
Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.
This notice was issued by:
|Name :||David W. Knott|
|Position :||Chief Executive|
|Date :||23 May 2007|