CmaBylaw
Executive Bylaws
2-8-3 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Sunday, 12 February 2017
A Fund’s Articles of Association shall set the following provisions: 1. The minimum capital of the Fund. 2. The minimum subscription amount required to be paid by each investor. 3. The extent to which the Fund Manager may be dismissed and the competent body for such dismissal. 4. The body that specializes in appointing a substitute Fund Manager or to appoint a liquidator in cases other than that assigned to the Authority. 5. The Unit holders’ assembly and its regulating provisions, if any. 6. The method of amendment of the Fund’s Articles of Association. 7. Valuating and pricing of the Fund’s Units. 8. The guidelines for borrowing and investing of the Fund monies. 9. Periodic Reporting to Unit holders 10. Provisions and requirements of terminating and liquidating the Fund, without prejudice to the general provisions set forth in Article (2-36) and (2-37) of this Module.
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