Article 42 · Real Estate Investment Funds Regulations

Article 42: Trading

a) After the end of the subscription period, a related party may not sell any fund unit during the fund’s term.

b) As an exception to paragraph (a) of this Article, a unitholder who subscribed in the fund with cash contribution and whose ownership exceeds (5%) of the real estate investment fund’s net assets value may sell his units in the fund, unless he is listed under one of the other categories stipulated in the definition of the term “Related Parties”.

c) The Fund Manager and Custodian should take all necessary steps for facilitating unit’s trading transfer and registering them.

d) The Fund Manager shall maintain a register for all purchasing orders requests and selling offers related to the Fund’s units.

e) The Fund Manager shall inform investors, willing to purchase or sell, about the purchasing orders and selling offers register, the benchmark price of the unit and date thereof.

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

Text read on 2026-09-14 · ef7bcb9935c6

Paragraphs

Each paragraph has a page of its own, so a citation of one paragraph names it exactly.

Paragraph	Opens with	History	Open
42(a)	a) After the end of the subscription period, a related party may not sell any fund unit during the fund’s ter…	—	Open
42(b)	b) As an exception to paragraph (a) of this Article, a unitholder who subscribed in the fund with cash contri…	—	Open
42(c)	c) The Fund Manager and Custodian should take all necessary steps for facilitating unit’s trading transfer an…	—	Open
42(d)	d) The Fund Manager shall maintain a register for all purchasing orders requests and selling offers related t…	—	Open
42(e)	e) The Fund Manager shall inform investors, willing to purchase or sell, about the purchasing orders and sell…	—	Open
42(f)	f) The traded fund is excluded from the provisions of this Article.	—	Open

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.

Cited on the platform

Counts only: the platform's own baseline limits and catalogued duties that cite this reference. No firm's rulebook appears here.

Baseline limits: 20 verified
Duties: 00 verified

Source

The text is the Authority's, reproduced with attribution. The link opens the published document.

Published at: CMA — Real Estate Investment Funds Regulations (English)Edition 11/2025
Last read: 2026-09-14first read 2026-09-14

ComAgents — the regulator-facing accountability layer for CMA-regulated firms. The text of each article is the Authority's, reproduced with attribution and a link to the source.