ADGM Fund Rulebook (FUNDS) (VER13.160926)

PART 1: INTRODUCTION

1. APPLICATION AND CLIENT CLASSIFICATION

1.1 Application

1.1.1 These Rules apply to every Person who carries on, or intends to carry on, in or from ADGM the Regulated Activities of:

(a) Managing a Collective Investment Fund; (b) Acting as the Administrator of a Collective Investment Fund; (c) Providing Custody; or (d) Acting as Trustee of an Investment Trust.

1.1.2 These Rules apply to every Person who is, or intends to be:

(a) a Fund Manager; (b) a member of the Governing Body; (c) an Eligible Custodian; (d) a Trustee; and (e) an oversight provider.

1.1.3 These Rules also apply to an Authorised Person that:

(a) carries on a Regulated Activity; or (b) undertakes a Transaction in or from ADGM;

in relation to a Domestic Fund or Foreign Fund.

Guidance

1. These Rules regulate Fund Managers.
2. These Rules also apply to marketing and selling of Units of Foreign Funds in or from ADGM and to the carrying on of a Regulated Activity in relation to a Foreign Fund where any such activity is undertaken by an Authorised Person. In that regard, the COBS Rules also apply to the carrying on of Regulated Activities by an Authorised Person.
3. I...