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Title: Resolution No. (36) of 2019 Regarding Granting a Private Marketing License of a Collective Investment Scheme Incorporated outside the State of Kuwait to Gatehouse Capital to market the units of Thistle New Investors Limited Portfolio
Date Publish 14 March 2019


Having Perused:

- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
 
- The Memorandum and Articles of Association of Gatehouse Capital, and the agreement between the representative of the collective investment scheme which is Blue Pillar Advisor Ltd. and the marketing manager of Gatehouse Capital; and

- Based on the application submitted by Gatehouse Capital to conduct a private marketing of Thistle New Investors Limited Portfolio in the State of Kuwait; and

- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.  

  
The Following Was Resolved
 
Article (1)
Gatehouse Capital is hereby licensed to market 62,250 units (sixty two thousand and two hundred and fifty units only) of Thistle New Investors Limited portfolio , which consists of one ordinary share whose holder does not have a voting right in Thistle New Investors Limited Company as a private subscription in the State of Kuwait. It is incorporated in the Cayman Islands.

The offering price shall be GBP 1,000 (one thousand GB pounds only) per unit, in addition to a 1% subscription fee paid once upon subscription.


The marketed units shall be offered only for professional clients in the State of Kuwait according to Module One (Glossary) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments, the party receiving the subscription applications is as follows:

- Gatehouse Capital


Article (2)
The objectives of the Collective Investment Scheme are as mentioned in the prospectus.
 
Article (3)
The marketing license term is one year renewable annually from the issuance date of CMA’s license, and after paying the prescribed fees.
 
Article (4)
The prescribed fees shall be paid within one month from the date of issuance of this Resolution. In case of default, this Resolution shall be considered null and void.
 
Article (5)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.


Zeyad Al-Fulaij
Head of Supervision Sector
 
Issued on: 14/03/2019

Copy of the Official Document

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