MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

United Arab Emirates / Egypt
Exchange Traded Funds
Questions United Arab Emirates Egypt
copies thereof to SCA to take the necessary
action. SCA shall be consulted with the Central
Bank in respect of the penalty if any violation is
evident
The key functions of the fund's safe custodian
shall be as follows:
1. To keep in safe custody the securities in
which the fund invests its assets.
2. To keep title deeds for the assets in which
the fund invests its monies.
3. To keep all documents, papers, contracts and
licenses pertinent to the assets of the real
estate investment trust.
4. To follow up the daily movement of purchase
and sale transactions processed by the
investment manager or whoever is assigned
this task as per the nature of the fund; and take
the necessary steps to transfer balances from
and to the fund according to the nature of the
transaction.
Fund Exemption
Can fund be exempt from regulation? No No
Marketing
Marketing restrictions Marketing restrictions are listed in the SCA
Undertaking Template for Local and foreign
148