The DFSA Rulebook Fund Protocol Rules (FPR)

FPR/VER1/02-19 

1. INTRODUCTION

1.1 Application 

1.1.1

The Rules in this module (FPR) apply to a Fund Manager of a Domestic Fund if: 

(a) the Fund Manager has notified the DFSA of its intention to Register the Domestic Fund as a Passported Fund under these Rules; or 

(b) the Fund Manager and Domestic Fund are included on the DFSA’s Register of Passported Funds. 

1.1.2

This module also applies to an Agent and any other Licensed Person who Promotes a Passported Fund in or from the DIFC. 

1.1.3

Nothing in this module prevents a Fund Manager, its Agent or any other Licensed Person from Promoting a Domestic Fund in a Host Jurisdiction in accordance with the legislation applicable in that other Jurisdiction.

1.2 Overview and purpose of this module

Guidance 

1. The three UAE securities regulators: the SCA, the DFSA and the FSRA have agreed a “Protocol” regarding co-ordinated supervision of the marketing and selling of units of domestic funds within the UAE (State). The “Protocol” introduces a notification and registration process to enhance the monitoring and supervision of the financial services associated with the marketing and sale o...