المادة 84: Contractual Format of a Private Fund

Article 84: Contractual Format of a Private Fund

a. A private fund shall be established by the signing of the Terms and Conditions of the relevant fund between the first potential unitholders and the fund manager.

b. The contractual relationship between a potential unitholder and the fund manager shall be established by signing the fund's Terms and Conditions.

c. The fund manager must include in the Fund’s Terms and Conditions the related requirements in these Regulations, and the private investment fund manager must, in addition to that, include the Terms and Conditions to the requirements and the information contained in Annex (11) of these Regulations.

d. The Terms and Conditions referred to in Paragraph (b) of this Article shall be considered as satisfying the terms of business requirements in the Capital Market Institutions Regulations.