MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Dubai International Financial Centre / Qatar Financial Centre
Exchange Traded Funds
Questions Dubai International Financial Centre
(DIFC)
and documents required for a Public Fund
Manager are the same as DFSA’s standard
licensing process, however, there is a
streamlined process in place for an Exempt
Fund Manager application
External fund Manager Documents
A Fund Manager coming from a reputable
jurisdiction may establish and manage a
Domestic Fund without having to obtain a
DFSA licence. It should provide the
following documents:
Letter of good standing from the
home state jurisdiction regulator
Current regulatory licence in
home jurisdiction
Confirmation that under the home
jurisdiction requirements, firm is
permitted to provide financial
services to retail clients
(applicable to Public Fund
Manager only)
Appointed Fund
Administrator/Trustee Agreement
Promoter/Capital Requirements
Information
Is promoter approval required? Yes
Is there a regulatory obligation on a Yes, if due to poor advice client can
fund promoter to make good any complain.
losses suffered by fund?
Qatar Financial Centre (QFC)
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