CmaBylaw
Executive Bylaws
2-4-2 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Sunday, 12 February 2017
The Fund’s Capital, in the event of a Public Placement, should not be less than KWD 5,000,000 or its equivalent in any other currency. A Fund’s Articles of Association shall, in the event of a Private Placement, specify the minimum capital for the Fund, unless the Authority specifies a higher capital for certain types of Funds. The Fund Manager should, in the event of a decline of the Fund’s capital less than the minimum, notify the Authority within five Business Days as of the date of reduction in capital. The Authority shall take the appropriate measures, as it may deem fit for each case, to attain the interest of Unit holders.
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