المادة 110: General Provisions

Article 110: General Provisions

a. Investment funds that take the form of a special purposes entity shall be subject to all the provisions of these Regulations and the Rules for Special Purposes Entities, unless these Regulations states otherwise.

b. To establish an investment fund that takes the form of a special purposes entity, the fund manager must satisfy the requirements to establish a special purposes entity in accordance with the provisions contained in the Rules for Special Purposes Entities, and the provisions contained in these regulations, as applicable.

c. The Manager of Investment Funds that take the form of a special purpose entity must have the by-laws certified by the relevant authority before offering fund units.

d. For the purposes of this Part, any reference to the “investment fund” in these Regulation or the Capital Market Law and its Implementing Regulations, applies to the investment fund that takes the form of a special purposes entity.