MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

United Arab Emirates / Egypt
Exchange Traded Funds
Questions United Arab Emirates Egypt
funds and depending on whether for public or
private distribution. Generally, funds that are
licensed for public distribution may advertise in
public media however marketing material and
marketing channels may require SCA’s
approval beforehand. Funds that are licensed
for private distribution may not advertise in any
mass media.
Set Up/Establishment Fees
Application fee None currently. However, SCA shall issue
a decision to determine fees to be
collected when licensing a fund and the
fees for obtaining approval of the
promotion of foreign mutual fund units
within the UAE and any other fees
payable for services pertinent to the
implementation of these regulations
Annual fee As above
Stock exchange application fee
Listing agents fee
Legal fees
Custodian, Administration Fees Varies – (depends on size and complexity of
fund and the appointed service provider)
SCA may impose minimum and maximum limits
for any consideration for management,
supervision or services, commission or fees
received by any of the parties associated with
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