Article 5(a): Conditions for Offering Units of the Financing Fund
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 following conditions shall be satisfied when establishing and offering units of the Financing Fund:
1) The Fund shall be closed-ended; Where the fund is a private fund, it may be an open-ended fund, provided that the fund’s Terms and Conditions include a clear policy for dealing with subscription and redemption requests and liquidity management to meet such requests.
2) The procedures and policies for managing the Fund’s risks shall be specified, including the Fund’s risk level.
Text read on · f0a0ce338c05
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 on the Financing of Investment Funds (English)Edition current
- Last read
- first read
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