Article 15(a): Fund’s Subscriptions
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. A fund manager and any of its affiliates may only subscribe, for their own accounts, in units in an investment fund which is managed by the fund manager if the intention of such subscription is disclosed in the Fund’s Terms and Conditions, if the following requirements are satisfied:
1) the terms of the fund manager’s (or its affiliates') subscriptions, and the rights attached to the units which they hold must be no more favourable than those of other unitholders of the same class;
2) the fund manager and its affiliates shall not be entitled to vote on the units which they hold; and
3) the public fund manager shall disclose at the end of each quarter details of its investments in the fund’s units on the fund manager's website and the Exchange’s website, or any other website available to the public according to the controls set out by the Authority (where applicable), as well as in the reports that the fund manager prepares in accordance with Article (78 ) of these Regulations.
Text read on · 50e7b2f4d6ee
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.
- Baseline limits
- 00 verified
- Duties
- 00 verified
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
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. The text of each article is the Authority's, reproduced with attribution and a link to the source.