Article 92(g): valuation
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
g. In the case of a one investment goals of the fund includes Initial development or structural development, the fund manager of a private real estate fund must appoint one or more developers -provided that the duties and responsibilities of each developer are clearly specified in the fund's terms and conditions-, and an engineering office that is independent of any of the relevant parties, after ensuring that they have obtained the necessary approvals and licenses to carry out their business and activities from the relevant governmental bodies, and the engineering office shall – at least- oversee the implementation of the Fund's business plan, and the approval of disbursements to the developer and contractor.
Text read on · 5977ef5b3130
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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