المادة 63: Requirement to Produce Terms and Conditions

Article 63: Requirement to Produce Terms and Conditions

a. A public fund manager must provide to unitholders and potential unitholders and the custodian the Terms and Conditions in Arabic and free of charge.

b. A public Fund’s Terms and Conditions must contain the basis upon which potential unitholders are to enter into contractual relations with the fund manager regarding the investment being offered to them and must include the information specified in Annex (1) of these Regulations.

c. The Terms and Conditions shall be deemed as satisfying the terms of business requirements of the Capital Market Institutions Regulations.

d. Before accepting an initial subscription to a public fund, the fund manager must ensure that the unitholder has received and signed a copy of the Terms and Conditions.

e. Identical Terms and Conditions must apply to all unitholders of the same class in a public fund.

f. The fund manager must file an updated version of the Fund's Terms and Conditions with the Authority within (10) days of any change being made to the Terms and Conditions, and to the custodian as soon as them being updated.

g. The fund manager must publish, on its website and the Exchange’s website or any other website available to the public according to the controls set out by the Authority (where applicable) of the Fund’s Terms and Conditions, as well as announce of any updates or of any updated version of the Fund’s Terms and Conditions in its website and the Exchange’s website or any other website available to the public according to the controls set out by the Authority (where applicable) within (10) days of any update.