W 062/08 CIR — Antarctica Asset Management (Middle East) Limited
|To||Antarctica Asset Management (Middle East) Limited|
Gate Village Business Centre, Gate Village, Building 4, Level 3,
Dubai International Financial Centre, P.O Box 506651, Dubai,
|DFSA Firm Reference No.||F000634|
THE DFSA HEREBY GIVES NOTICE THAT:
The Rules specified in the left hand column of the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply as modified in the right hand column of the table.
The Rules specified in the left hand column are modified to the extent shown in the right hand column of the table below. In this table, underlining indicates new text and striking through indicates deleted text, otherwise the Rule remains unaltered. Where a significant number of the paragraphs of the Rule remain un-altered the entire Rule may not be reproduced in the table. In such circumstances the un-altered parts of the Rule will be referred to by the relevant identifying paragraph number or letter, as the case may be.
(1) An Authorised Firm may make an Offer or undertake a Transaction for or on behalf of a Client in respect of a Unit of a Foreign Fund where:
(a) one or more of the following apply:
(i) the custodian of the Fund meets one of the requirements in (4) and the investment manager of the Fund meets one of the requirements in (5);
(ii) both the custody and investment management activities of the Fund are performed by a Person who meets the requirements in (6);
(iii) the Fund has been rated in accordance with the requirement in (7); or
(iv) the Client is a Professional Client, the Fund or its Operator is a member of the Authorised Firm’s Group and the Fund is listed on an Authorised Market Institution in the DIFC or on an exchange regulated by a Financial Services Regulator in a Recognised Jurisdiction; and
(b) if the Fund is a Property Fund, the requirements in Rule 3.7.1 are satisfied.
(2) …….and so on as per the Rulebook text up to and including (7)……
This notice comes into effect on the date of issue and remains in force until further notice.
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 IS ISSUED UNDER ARTICLE 25 OF THE REGULATORY LAW 2004 BY:
|Name :||Ian Johnston|
|Position :||Acting Chief Executive|
|DATE OF ISSUE:||8th October 2008|