المادة 81: Capital Call in Instalments

Article 81: Capital Call in Instalments

a. The fund manager may call the capital in instalments, provided that this is included in the Fund’s Terms and Conditions at the time of offering, with a statement of the minimum for fund operation, and that the fund manager notify the Authority of the results within (10) days of the completion of all capital calls. Moreover, capital call in instalments shall be available to all unitholders in closed-ended private funds.

b. The fund manager who wishes to call the capital in instalments must specify in the Fund’s Terms and Conditions the minimum period for notifying unitholders and a policy to deal with such capital call, and in case of non-compliance with that policy, the fund manager must clarify in the Fund’s Terms and Conditions the followed procedures in these cases.