Article 25(d): Appointment of the Custodian
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.
d. As an exception to the provisions of Paragraph (b) of this Article, the custodian of a feeder fund for public and private investment funds may become a fund manager for the relevant fund, a sub-manager of the relevant fund or an affiliate to the fund manager or the fund sub-manager, when fulfilling the following criteria:
1) Investing the feeder fund's assets in another investment fund, whether that investment is in or outside the Kingdom.
2) The custodian of the feeder fund shall not impose any additional fees on the fund.
3) The investment fund in which the feeder fund invests in shall be a closed ended fund.
Text read on · ae5dd106aa9c
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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