Funds

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• In addition to the above listing requirements, the fund manager may have to satisfy additional requirements and furnish additional documents and information that the SCA or DFM may require.
• The directors of the fund will individually and collectively accept full responsibility for the completeness and accuracy of all information submitted to the DFM. The directors of the fund will individually and collectively accept full responsibility for the completeness and accuracy of all information contained in the prospectus (Information Memorandum). 
• DFM shall not assume any responsibility for the correctness of any of the information, statements or opinions submitted to the DFM. 
• Approval for listing at the DFM is not to be taken as an indication of the merits of the fund or its business activities or its units. The DFM Board of Directors have discretionary authority to exempt a fund from some of its listing requirements or from submitting certain documents.
• The DFM may decline a listing application without assigning any reason.

Documents pertaining to the Company establishing the Investment Fund:

• Copy of the Company’s Memorandum and Articles of Association attested by competent authorities in the mother country.
• Copy of the Company’s Certificate of Incorporation.
• Copy of the Company’s Trade License or equivalent.
• Copy of the Company’s Trade Register (if applicable).
• Annual audited financial report for the last two years accompanied by the auditor’s report.
• List of the authorized signatories on the documents and correspondences addressed to the DFM and sample of their signatures.
• The Board of Directors resolution authorizing the signatories to sign documents and correspondences addressed to the DFM.

Documents pertaining to the Mutual Fund:

• Copy of the Securities and Commodities Authority’s approval to list the fund (for closed-ended funds).
• Copy of the approval for issuing the fund from the UAE Central Bank (for domestic funds).
• Copy of the approval for Marketing the fund in the UAE from the UAE Central Bank (for foreign funds). If the fund has already been established and subscribed to by the general public, the company must submit audited financial statements for the previous two years or for the period of its establishment, whichever is less.
• The financial statements should be accompanied by the auditor’s report and a management report covering the funds performance in detail for this period.
• Details of any restrictions on the transfer and ownership of units.
• Details of listing in other securities markets.
• Issuing Prospectus or Information Memorandum.

Documents pertaining to the Company establishing the Mutual Fund and the Fund itself:

• Details of any lawsuits against the establishing company or the Mutual fund.
• Any other related documents, please attach.

• The fund must abide by all the rules and regulations of the SCA and the UAE Central Bank.
• The fund must abide by all the rules and regulations of the DFM. However, the fund may notify the DFM if it believes that it may be unable to comply with one or more provisions of the DFM rules and regulations.
• The DFM has the discretion, on a case-by-case basis upon receipt of such notice, to grant exemptions.
• The closed-ended fund must provide the DFM, and also publish, its audited annual financial statements within 120 days of the end of the financial year. The fund shall also provide the DFM with half yearly and quarterly financial statements and make them publicly available within 45 days from the end of the period. Each of the above should be accompanied by a management report on the business activities. Full details of the investment portfolio including changes during the period under review must be provided in the management report. The net asset value of the fund should also be   disclosed in the management report.
• The fund must immediately disclose and report to the DFM any material information including information submitted with the listing application that is likely to affect the price of its units and the decision-making of investors.
• The fund must satisfy any additional requirements and regulations and furnish any additional documents and / or information that the SCA or DFM may require.
• The fund that fails to abide by the SCA and / or DFM rules and regulations may be suspended or de-listed after due process.

• Transfer of fund units registry to the DFM Clearing, Settlement and Depository (CSD) Division (for closed-ended funds).
• Co-ordinate with the DFM to choose a trading symbol and an abbreviated name in both Arabic and English.
• Publish in two Arabic daily Newspapers ten days prior to listing on the DFM, the company’s annual financial statements and summary of the Board of Directors’ report, which were submitted with the SCA Listing Application. Additionally, the company is required to publish in one English Newspaper if it allows non-nationals to trade in its units (for closed-ended funds).