Article 45(b): 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.
b. A fund manager or fund sub-manager may not cause a public fund (other than a money market fund in accordance with Paragraph (a) of this Article) to deal as principal with any other investment fund managed with the same fund manager or fund sub-manager, or with any unitholder the value of whose investment in the public fund exceeds (5%) of the net asset value of that public fund.
Text read on · e542307f33b6
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
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