Article 12(a): Additional Duties Specific to the Public Financing 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) In addition to the requirements of the terms and conditions of a public investment fund under the investment funds regulations, the terms and conditions of the public financing fund shall include the following:
1) The terms and conditions shall disclose whether the financing is concentrated in a specific industry or sector, and shall specify the minimum and maximum percentages of the targeted financing to be granted to such industry or sector out of the total financing granted.
2) In the case of a public direct financing fund, the terms and conditions shall disclose the collection provisions and procedures. The Board of Directors of the fund shall ensure the completeness and accuracy of such provisions and procedures.
3) In the case of a public Direct Financing Fund, the terms and conditions shall disclose the aspects relating to granting credit. The Board of Directors of the Fund shall ensure the completeness and accuracy of such aspects.
4) In the case of a public indirect financing fund, the terms and conditions shall disclose the following:
(a) The aspects relating to the evaluation of financing portfolios intended to be acquired, where indirect financing activities are carried out through the acquisition of such financing portfolios.
Text read on · 333a197cd6d3
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.
- Baseline limits
- 10 verified
- Duties
- 00 verified
Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Instructions on the Financing of Investment Funds (English)Edition current
- Last read
- first read
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