Article 2(d): Definitions
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.
d) For the purpose of implementing the requirements of these Instructions, words and phrases shall have the meaning assigned thereto, unless the context requires otherwise: - Financing Fund: A Direct Financing Fund and an Indirect Financing Fund. - Direct Financing Fund: An investment fund established for the purpose of carrying out the activity of direct financing for legal persons and investment funds. - Indirect Financing Fund: An investment fund established for the purpose of carrying out the indirect financing. - Default: The beneficiary’s full or partial failure to pay any amount due under the financing contract for a period of 90 days or more from its due date. - Beneficiary :The beneficiary of the financing. - Fund size: The total asset value of the Fund plus any capital pledged to be paid by the unitholders.
Text read on · 1a9b1c43147d
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 on the Financing of Investment Funds (English)Edition current
- Last read
- first read
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