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Regulations/Investment Funds Regulations
The regulatory library · 11/2025

Investment Funds Regulations

113 articles, read from the text the Capital Market Authority publishes. Each article's page shows its words verbatim, its paragraphs, and the history of changes to its text.

Source

The text is the Authority's, reproduced with attribution. The link opens the published document.

Published at
CMA — Investment Funds Regulations (English)Edition 11/2025
Last read
first read
Articles
113539 paragraphs with a page of their own
Amended since first read
0

Articles

In the published order. An article marked amended has had its words change since the platform first read it; its page keeps every earlier text.

Article Heading Paragraphs History
1 Preliminary Provisions 2 Unchanged since first read Open
2 Definitions 2 Unchanged since first read Open
3 Compliance with the Regulations 2 Unchanged since first read Open
4 Waivers — Unchanged since first read Open
5 Fees — Unchanged since first read Open
6 Right of Appeal — Unchanged since first read Open
7 Scope and Application — Unchanged since first read Open
8 Eligibility Requirements 5 Unchanged since first read Open
9 Fund Management and Duties of the Fund Manager 14 Unchanged since first read Open
10 Books and Records Keeping 3 Unchanged since first read Open
11 Financial Statements 5 Unchanged since first read Open
12 Register of Unitholders 8 Unchanged since first read Open
13 Conflicts of Interest 4 Unchanged since first read Open
14 Investment Policies and Practices 3 Unchanged since first read Open
15 Fund’s Subscriptions 3 Unchanged since first read Open
16 Special Commission Arrangements 3 Unchanged since first read Open
17 Delegation by the Fund Manager 12 Unchanged since first read Open
18 Appointment of Advisors 4 Unchanged since first read Open
19 Services, Commissions and Management Fees 2 Unchanged since first read Open
20 Power of the Authority to Remove and Replace Fund Manager 9 Unchanged since first read Open
21 The Voluntary Withdrawal of the Fund Manager 2 Unchanged since first read Open
22 Investment Decisions — Unchanged since first read Open
23 Termination and Liquidation of the Fund 22 Unchanged since first read Open
24 Scope and Application — Unchanged since first read Open
25 Appointment of the Custodian 4 Unchanged since first read Open
26 Ownership and Custody of the Assets of the Investment Fund 2 Unchanged since first read Open
27 Segregation of Assets 6 Unchanged since first read Open
28 Delegation by the Custodian 5 Unchanged since first read Open
29 Responsibilities of the Custodian 2 Unchanged since first read Open
30 Power of the Authority to Remove and Replace Custodian 2 Unchanged since first read Open
31 Removal of Custodian by the Fund Manager 4 Unchanged since first read Open
32 Application to the Authority for the Offer of Units in a Public Fund 3 Unchanged since first read Open
33 Procedures and Power of the Authority toward the Application 5 Unchanged since first read Open
34 Contractual format of a Public Fund 2 Unchanged since first read Open
35 Units 5 Unchanged since first read Open
36 Permitted Fees, Commissions And Expenses 3 Unchanged since first read Open
37 Public Fund Distributions 4 Unchanged since first read Open
38 Fund’s Subscription in Securities 2 Unchanged since first read Open
39 Public Fund Board 13 Unchanged since first read Open
40 Responsibilities of the Members of the Fund Board 12 Unchanged since first read Open
41 Investments Areas 8 Unchanged since first read Open
42 The Fund’s Benchmark — Unchanged since first read Open
43 Investment Limitations 11 Unchanged since first read Open
44 Notification Relating to Substantial Holdings in Shares or Convertible Debt 4 Unchanged since first read Open
45 Principal Transactions 2 Unchanged since first read Open
46 Real Estate Investment Fund 2 Unchanged since first read Open
47 Index Fund 3 Unchanged since first read Open
48 Exchange Traded Fund 20 Unchanged since first read Open
49 Closed-Ended Investment Traded Fund 16 Unchanged since first read Open
50 Conditions for Offering Closed-Ended Investment Traded Fund 5 Unchanged since first read Open
51 Net Assets of Closed-ended Investment Traded Fund Units — Unchanged since first read Open
52 Offer Requirements for Closed-Ended Investment Traded Fund 6 Unchanged since first read Open
53 Closed-Ended Investment Traded Fund Buy-Back and Sale of its Units 8 Unchanged since first read Open
54 Disclosure Requirements of Closed-Ended Investment Traded Fund 8 Unchanged since first read Open
55 Specialized Public Funds 5 Unchanged since first read Open
56 Money Market Fund 10 Unchanged since first read Open
57 Feeder Fund 2 Unchanged since first read Open
58 Fund of Funds 4 Unchanged since first read Open
59 Capital Protected Fund 4 Unchanged since first read Open
60 Endowment Fund 3 Unchanged since first read Open
61 Breach of Investment Limitations 5 Unchanged since first read Open
62 Exercise of Rights in Respect of Public Fund Assets 3 Unchanged since first read Open
63 Requirement to Produce Terms and Conditions 7 Unchanged since first read Open
64 Approval of the Authority and Consent of Unitholders to Fundamental 9 Unchanged since first read Open
65 Notification to the Authority and Unitholders of non-Fundamental Changes 5 Unchanged since first read Open
66 Initial Offer Period 6 Unchanged since first read Open
67 Subscription and Redemption 5 Unchanged since first read Open
68 Deferring Redemptions 2 Unchanged since first read Open
69 Suspension of Subscription or Redemption of Units 4 Unchanged since first read Open
70 Transaction Fees — Unchanged since first read Open
71 Borrowing to Meet Redemption Requests 3 Unchanged since first read Open
72 Securities Advertisements and Promotional Materials 10 Unchanged since first read Open
73 Valuation 5 Unchanged since first read Open
74 Pricing of Units 3 Unchanged since first read Open
75 Incorrect Valuation or Pricing 4 Unchanged since first read Open
76 Audit Requirements 6 Unchanged since first read Open
77 Meetings of Unitholders 14 Unchanged since first read Open
78 Reporting to Unitholders 7 Unchanged since first read Open
79 Reporting to the Authority 2 Unchanged since first read Open
80 Submitting a Notice to the Authority for the Offer of Units in a Private Fund 2 Unchanged since first read Open
81 Capital Call in Instalments 2 Unchanged since first read Open
82 Private Placement of a Private Fund and Eligibility of Investors 4 Unchanged since first read Open
83 Private Placement Requirements 9 Unchanged since first read Open
84 Contractual Format of a Private Fund 4 Unchanged since first read Open
85 Units 5 Unchanged since first read Open
86 Private Real Estate Fund Board 7 Unchanged since first read Open
87 Responsibilities of the Members of the Private Real Estate Fund’s Board 12 Unchanged since first read Open
88 General Rules and Restrictions 4 Unchanged since first read Open
89 Private Fund Documentations 2 Unchanged since first read Open
90 Securities Advertisements and Promotional Materials 2 Unchanged since first read Open
91 Financial Statement Auditing Requirements 2 Unchanged since first read Open
92 valuation 9 Unchanged since first read Open
93 Meetings of Unitholders 11 Unchanged since first read Open
94 Consent of Unitholders to Changes 5 Unchanged since first read Open
95 Reporting to Unitholders 2 Unchanged since first read Open
96 Reporting to the Authority 2 Unchanged since first read Open
97 Notification Relating to the Substantial Holdings in Shares or Convertible 4 Unchanged since first read Open
98 Restriction on Secondary Market Activity 2 Unchanged since first read Open
99 Offer of Securities Issued By a Foreign Fund in the Kingdom 5 Unchanged since first read Open
100 Private Placement of a Foreign Fund and Eligibility of Investors 3 Unchanged since first read Open
101 Private Placement Requirements of a Foreign Fund 6 Unchanged since first read Open
102 Information to Securities Holders and Offer Documentations 3 Unchanged since first read Open
103 Securities Advertisements and Promotional Materials 2 Unchanged since first read Open
104 Power of the Authority to Suspend a Distributor 6 Unchanged since first read Open
105 Distributor Responsibilities 6 Unchanged since first read Open
106 Reporting to the Authority 2 Unchanged since first read Open
107 Restriction on Secondary Market Activity 2 Unchanged since first read Open
108 Application to the Authority for the Merging of Investment Funds 7 Unchanged since first read Open
109 Additional Information to be Provided to the Unitholders 3 Unchanged since first read Open
110 General Provisions 4 Unchanged since first read Open
111 Custodian — Unchanged since first read Open
112 Board of an Investment Fund that Takes the Form of a Special Purposes — Unchanged since first read Open
113 Publication and Entry into Force — Unchanged since first read Open

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