Marketing Foreign Collective Investment Funds in the UAE, KSA & Bahrain

marketing cif uae ksa bahrain

31 Dec 2019 Marketing Foreign Collective Investment Funds in the UAE, KSA & Bahrain

  UNITED ARAB EMIRATES (“UAE”)
UAE Mainland Dubai International Financial Center (DIFC) ADGM KSA Bahrain
Regulator The Securities and Commodities Authority (“SCA”). The Dubai Financial Services Authority (“DFSA”). The Financial Services Regulatory Authority (“FSRA”). The Capital Market Authority (“CMA”). The Central Bank of Bahrain (“CBB”).
Requirement to go through an entity registered with the regulator Yes
Certain characteristics of the Funds (i) Regulated in its home jurisdiction; and
(ii) Licensed for promotion via private placement.
(i) Designated Funds; or
(ii) Regulated custodian and investment manager.
No particular requirements. Private placement offer. (i) Expert Fund; or
(ii) Exempt Fund.
Characteristics of the targeted investors Qualified Investors. Professional Clients (if via private placement). No particular requirements. Sophisticated Investors. (i) Expert Investors; or
(ii) Exempt Investors.
Subscription requirements AED 500,000. USD 50,000 (if via private placement). No particular requirements. Not less than SAR 1,000,000 per investor. (i) Expert Funds- USD 10,000; or
(ii) Exempt Funds- USD 100,000.
Exceptions to the requirement of going through an entity registered with the regulator (i) Reverse solicitation; or
(ii) Certain Qualified Investors.
(i) Passported Funds
(ii) Personal units.
Personal units. No Exceptions.

 

Note: The information provided herein are the main requirements as per each jurisdiction’s legislations and is not a representation of all the options available.

 

 

Author:

Sofiana Bird

Structuring and incorporation of financial and non-financial institutions in the DIFC.

 

 

 

 

Author:

Amanda Dania Al-Baba

Structuring and incorporation of financial and non-financial institutions in the DIFC.

 



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