Article 59: Capital Protected Fund

Article 59: Capital Protected Fund

a. The name of capital protected fund must be included the phrase "capital protected" in all the fund's relevant documents.

b. Investments of the capital protected fund must be consistent with the investment objectives of the fund for the protection of the capital invested by the unitholders.

c. The value of the capital protected fund investments in debt instruments issued by a single issuer must not exceed (10%) of the fund’s net asset value, and in all cases, the total capital protected fund investments with or in a single counterparty may not exceed (25%) of the fund’s net asset value.

d. Without prejudice to Paragraph (b) of Article (41) of these Regulation, the investments of a capital protected fund with or in parties belonging to the same group, may not exceed (25%) of the fund’s net assets. These investments shall include money market transactions concluded with different parties belonging to the same group, debt instruments issued by different parties belonging to the same group, and bank deposits with different parties belonging to the same group.