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CMA LAW: Resolution No. (65) of 2016 Regarding Contractual Collective Investment Scheme License Granted to the Business Center Portfolio of Dubai Investment Park
Date Publish
30 June 2016
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
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (20) of 2016 held on 13 and 14/6/2016
The Following Was Resolved:
Article (1)
The Business Center Portfolio of Dubai Investment Park is hereby granted a license of a contractual collective investment scheme.
Article (2)
The fund’s license is valid for a period of three years starting from the registration date in CMA register.
Article (3)
The prescribed fees shall be paid within a month of the issuance of this Resolution. In case of default, the Resolution shall be considered null and void.
Article (4)
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.
Dr. Nayef Falah Al-Hajraf
Chairman of CMA Board of Commissioners
Issued on: 29/6/2016
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