Article 15(a): Delegation by the Fund Manager
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
a. The Fund Manager may delegate one or more third parties or any of its affiliates to act as a Sub-Fund Manager for managing the Fund’s investments within the Kingdom, the following must be fulfilled:
1) The delegate must be appointed pursuant to a written agreement.
2) The delegate must be a capital market institution licensed to carry out the activity of managing Investments and operating funds or the activity of managing investments.
Text read on · 69263360f63d
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Instructions of Simplified Investment Funds (English)Edition current
- Last read
- first read
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