MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Oman / Saudi Arabia
Exchange Traded Funds
Questions Oman Saudi Arabia
Article (218): CMA shall prepare a register
for funds in which the fund which fulfills the
terms and conditions of establishment,
after the end of subscription period, shall
be registered.
Article (319): The articles of association of
the fund shall contain the following
information at minimum:
1. The form of the fund (closedend
or open-end).
2. Name
3. Capital
4. Currency
5. Constitution of the management
for the Fund.
6. Investment objectives of the
fund
7. Method of transfer, issue and
redemption of its units
8. Frequency of redemption (if any)
Supervision
Outline the risk management
process for funds in your jurisdiction
What is the level of supervision
required over a custodian in your
jurisdiction?
Risk management process is not the
responsibility of any designated individual.
Collectively the responsibility of the board
of the management company.
Custodian has a duty of care to the unit
holders and is liable for any failure to meet
the requisite standard of care.
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