Regulatory Alerts2016-06-22 | NDMC-07Added · Updated
Technical Standards for Investment Fund Investments
The Technical Standards establish minimum requirements for the investment of Open and Closed Funds in securities, defining permitted assets such as government bonds, bank deposits, and foreign equities, while prohibiting investments in real estate or specific closed funds not covered by separate regulations. The rules mandate that Open Funds maintain at least 20% of their resources in high-liquidity, low-risk assets, require strict custody and segregation of assets, and impose liquidity and diversification limits on management companies. These standards apply to authorized Fund Managers, Investment Administrators, and Investment Committees, enforcing operational controls and documentation to ensure investor protection and adequate returns.
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