Article 38: Register of Unitholders

Article 38: Register of Unitholders

a) A Fund Manager shall establish and maintain a register of Unitholders.

b) A Fund Manager may engage a capital market institution licensed to carry out the activity of managing investments and operating funds or an investment fund distribution platform pursuant to a contract in writing to establish and maintain a register of unitholders referred to in paragraph (a) above.

c) Notwithstanding the appointment of another party referenced in Paragraph (b) of this Article, the Fund Manager shall remain responsible for the discharge of all its duties in relation to the register under these Regulations.

d) The register shall be conclusive evidence as to the persons entitled to units entered on the register.

e) The Fund Manager must maintain, at minimum, the following information in the register:

1) The name address and contact number of each Unitholder;

2) The national identification number, Iqama number, passport number or company registration number of the Unitholder;

3) The nationality of the Unitholder;

4) The number of units held by each unitholder; and

5) The date on which the Unitholder was registered in the register.

f) The register of unitholders must be made available for inspection by the Authority at its request. The fund manager must provide any unitholder, free of charge upon request, an extract that shows all the information relevant to the subject unitholder only.

g) The fund manager must update the register of unitholders immediately to reflect changes to information referred to in paragraph (e) of this Article.

h) The traded fund is excluded from the provisions of this Article.