Article 47: Index Fund
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 47: Index Fund
a. An index fund may only invest in constituent securities of a specified index.
b. A specified index for the purposes of this Article is an index which:
1) is published in a manner and place which enables it to be accessed by the public;
2) represents an adequate and appropriate benchmark for the market to which it refers, clearly defined, has a sufficiently diversified composition, and has sufficiently liquid composition;
3) is solely comprised of securities traded on the Exchange or any other exchange which is subject to regulatory standards and requirements at least equivalent to those of the Exchange.
c. If the index fund does not, at any time during its lifetime, fulfil the requirements in Paragraph (b) of this Article, the fund manager must notify the Authority in writing within
(5) days of such requirements not being met and take the necessary measures to ensure compliance with the provisions of this Article
Text read on · 47a20fd6ff64
Paragraphs
Each paragraph has a page of its own, so a citation of one paragraph names it exactly.
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.