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W 189/06 CIR — NewDawn GSE Asset Management Limited

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MODIFICATION NOTICE

To NewDawn GSE Asset Management Limited
Address Level 13, East Wing, The Gate
Dubai International Financial Centre, Dubai, UAE
DFSA Firm Reference No. F000301
Notice No. W189/2006

THE DFSA HEREBY GIVES NOTICE THAT:

The Rules specified in the table herein do not apply to the above mentioned Person in the form appearing in the Rulebook but instead apply to that Person in the modified form prescribed in that table below.

This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.

Effective date: This notice comes into effect on 21 September 2006 and expires on 20 March 2007 or the date on which any Rule specified herein is amended, which ever is the earlier.

RULES MODIFIED

The Rules listed in the left hand column of the table below are modified as shown in the right hand column of the table. In this table, underlining indicates new text and striking through indicates deleted text.

The version of Rules to which this notice relates is CIR/VER2/08-06.

Rule Modified Text
Rule CIR 6.2.2(1)(a)
(1) An Operator must ensure that the following activities, whether performed by the Operator itself or performed by a Fund Administrator appointed by the Operator under a Delegation Arrangement, are performed in the DIFC:
(a) asset pricing and Fund valuation;
(b) (a) issuing and redeeming the Fund’s Units; and
(c) (b) record keeping and maintaining the Unitholders register.

CONDITIONS

Nil

INTERPRETATION

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 : Jane Coakley
Position : Managing Director,
Authorisation
Date : 21 September 2006