Regulatory Alerts2018-01-01
Instructions for Investment Funds Announcements
The Capital Market Authority has issued updated instructions mandating standardized disclosure requirements for all investment fund categories, including public, traded, closed-ended, and real estate funds. Fund managers must publish bilingual announcements on designated websites outside official trading hours, utilizing approved templates that cover conflicts of interest, fund termination, distributions, board changes, and fundamental or non-fundamental modifications. These requirements ensure complete market transparency by enforcing precise announcement timing, Arabic text precedence in case of translation conflicts, and mandatory post-announcement updates to fund records.
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