المادة 7: Authorisation Requirements

Article 7: Authorisation Requirements

a) The applicant, seeking the Authority’s approval to offer units of a real estate investment fund must be a capital market institution authorised by the Authority to conduct managing investments and operating funds activity.

b) Units of real estate investment fund shall not be offered by way of a public offer unless the Authority has first received and approved the information referred in the annex (3) of these regulations.

c) The applicant must provide any other requirement the Authority requests in accordance with the Capital Market Law and its Implementing Regulations.