Article 45(a): Principal Transactions
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, or any of its affiliates, or any fund sub-manager, or any of its affiliates may not act as principal for their own account or accounts when dealing for public funds managed by them, other than money market funds provided that the exposure of the money market fund to the fund manager, or any of its affiliates, and any fund sub-manager, or any of its affiliates, does not exceed (25%) of the value of all its assets.
Text read on · a7f3b216a323
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
- 70 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.