Article 45: 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.
Article 45: Principal Transactions
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.
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.
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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
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- Baseline limits
- 140 verified
- Duties
- 00 verified
Source
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- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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