Article 98(b): Restriction on Secondary Market Activity
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.
b. In the case of closed-ended private funds, transfer of ownership of the fund’s units must not, in all cases, result in exceeding the ownership of subscribers in exchange for cash from retail clients up to (50%) of the total value of the fund’s units. FOREIGN FUNDS
Text read on · 6fc491ba1f72
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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