CmaBylaw
Executive Bylaws
2-10-2 Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Sunday, 12 February 2017
The Fund’s Articles of Association should include and the necessary information about the Fund as follows: 1. Fund name. 2. Fund form. 3. Fund type. 4. Type of offer of the Fund’s Units (Public Offering or Private Placement). 5. Fund Manager’s name and address. 6. Statement that the Fund Manager is licensed by the Authority. 7. Investment objectives of the Fund. 8. Term of the Fund. 9. Capital of the Fund and its payment method. 10. Number of investment Units and the nominal value of each. 11. Currency of the Fund. 12. Beginning and end of the financial year of the Fund. 13. Provisions governing the Unit holders’ assembly. 14. Minimum and maximum subscription and redemption by the Fund Manager and Unit holders in the Fund. 15. Method of subscription, redemption and the transfer of the Fund’s Units. 16. Subscription and redemption periods, if any. 17. Investment policies, guidelines and risks. 18. Fund Manager fees. 19. Method of amending the Articles of Association of the Fund. 20. Mechanism for calculating the Net Asset Value of a Unit 21. Methods and bases of distributing dividends, if any. 22. Rights of the Unit holders. 23. Methods and periods for disclosure of information.24. Events of winding up and liquidation of the Fund. 25. Procedures of Fund liquidation.26. Procedures for complaints. 27. A table that includes all fees, expenditures, and charges; and whether they are charged to Unit holders, the Fund’s Assets, or paid by the Fund Manager. 28. Any other information required by the Authority. The Articles of Association of the Fund must be written in Arabic, and provided free of charge upon request.
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