Article 107(b): Restriction on Secondary Market Activity
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.
b. In the case of closed-ended foreign funds, transfer of ownership of the securities issued by the fund must not, in all cases, result in exceeding the ownership of subscribers in the kingdom, in exchange for cash from retail clients, up to (50%) of the total value of the fund’s securities. Merge of the investment funds
Text read on · ef8842864201
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 — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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