المادة 80: Submitting a Notice to the Authority for the Offer of Units in a Private Fund

Article 80: Submitting a Notice to the Authority for the Offer of Units in a Private Fund

a. A notification to the Authority to offer units in a private fund must be submitted by a capital market Institution licensed to carry out the activity of managing investments and operating funds or the activity of investments management (where applicable). Any such notice must be in the form specified in Annex (6) of these Regulations. Requirements of a private placement referred to in Paragraph (a) of Article (83) of these Regulations must be met.

b. Units in a private fund may only be offered in the Kingdom by way of private placement in accordance with Article (82) of these Regulations.