Article 83(g): Private Placement Requirements

g. I f the fund manager cancels the fund’s offering after the offering is completed and before its operation by collecting the minimum limit specified in the fund's terms and conditions by the proposed offer’s expiry date (if any), stated in the private offer notification submitted to the Authority in accordance with subparagraph (1) of Paragraph (a) of this Article, the capital market institution must provide the Authority with a written notification, signed by the institution, within (10) days confirming the cancellation of the fund’s offering after the offering is completed and before its operation. Additionally, subscription monies and any returns generated from their investment must be refunded to the unitholders without any deductions.