Article 53(c): Closed-Ended Investment Traded Fund Buy-Back and Sale of its Units
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.
c. The closed ended investment traded fund may not buy-back its units for use as treasury units except for the following purposes:
1. If the fund’s board of directors or whoever they may delegate believes that the price of the units in the Exchange is less than their fair value.
2. Swaps operations in return for purchase of an asset.
3. Any other purpose approved by the Authority.
Text read on · ea45d5fca094
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
- 10 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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