CmaBylaw
Executive Bylaws
2-30-1 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Monday, 13 February 2017
Without prejudice to Article (1-7) of this Module, the Fund Manager may not buy any Securities issued thereby or by its Subsidiary Companies unless in accordance with the following conditions: 1. The Articles of Association of the Fund shall permit the Fund to invest its assets in Securities issued by the Fund Managing company, or any of its Subsidiaries. 2. Obtaining the approval of the Investment Controller before purchasing. 3. The total amount of securities invested by the Fund and all other Funds which are managed by the Fund Manager shall not exceed 10% of the total value of Securities issued by the Fund Manager, or any of its Subsidiary Companies, except for the Funds that follow a certain index according to their Articles of Association.
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