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    • Employment
    • Chairman Message
    • Organizational Structure
  • Awareness
    • Suggestions
    • Publications
    • National Project
    • Events
    • List Of Licensed Companies
    • External Audit Offices
    • List Of Registered Auditors
    • Local and Gulf Unlicensed Entities
    • Persons Restricted from Practicing Securities Activities or Registered Positions and Employment Positions
    • Workshops
    • Facilitating the opening of investment accounts Initiative
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  • Media Center
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    • CMA Gallery
    • Media Appearances
    • Press Releases
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  • International Organizations
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    • Initial Implementation Phase
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Executive Bylaws - CMA

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Executive Bylaws

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  • February 17
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2-36 Ending of a Fund Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
  • Monday, 13 February 2017

    The Fund shall end in the following events: 1. End of the period specified in the Articles of Association, unless it is renewed in accordance with the rules set out in the Articles of Association. 2. End of the purpose for which the Fund is incorporated for or in the event of the impossibility of achieving its goal. 3. Damage or use of all the Fund’s Assets or most of them, so that other assets can’t be invested feasibly. 4. At the request of the Fund Manager and by virtue of an approval issued by the assembly of Unit holders owning more than 50% of the Fund’s capital has approved the winding up of the Fund before the end of its term. 5. A resolution issued by the Authority to cancel the Fund’s license. 6. A court order is issued for the winding up and liquidation of the Fund.

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