Article 27(a): Ownership of Fund Units and Claims on the Fund Assets
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 assets of an investment fund shall be owned collectively by the unitholders in that fund. A fund manager, fund sub-manager, fund operator, custodian, sub-custodian, advisor or distributor may not have any interest in or claims against such assets, except when the fund manager, fund sub-manager, fund operator, custodian, sub-custodian, advisor or distributor is a unitholder (within the limits of its ownership), or for claims permitted under these Instructions and disclosed in the Fund’s Terms and Conditions.
Text read on · 0a265efc9783
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.
Cited on the platform
Counts only: the platform's own baseline limits and catalogued duties that cite this reference. No firm's rulebook appears here.
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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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