tailieunhanh - Real Estate Investment Funds Regulations in the Kingdom of Saudi Arabia

Real estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue. The Australian real estate market has, in this time, emerged as a destination of choice for global real estateReal estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue. The Australian real estate market has, in this time, emerged as a destination of choice for global real estate investors seeking a safe haven in a well-regulated and highly transparent growth-oriented market for doing business. investors seeking a safe haven in. | ouJloJI ggjjjJI ổLỊỊa Capital Market Authority Real Estate Investment Funds Regulations Kingdom of Saudi Arabia Capital Market Authority Real Estate Investment Funds Regulations in the Kingdom of Saudi Arabia English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution Number 1-193-2006 Dated 19 6 1427 Corresponding to 15 7 2006 Based on the Capital Market Law issued by Royal Decree No. M 30 dated 2 6 1424H Arabic is the official language of the Capital Market Authority The current version of these Regulations as may be amended can be found at the CMA website 1 CAPITAL MARKET AUTHORITY REAL ESTATE INVESTMENT FUND REGULATIONS Table of Contents Part One Preliminary Provisions Article 1 Preliminary Article 2 Definitions Part Two Authorization Article 3 Authorization Requirements Article 4 Procedures and powers of the Authority in relation to an application Part Three Regulating the operation of Real Estate Investment Funds Chapter One Fund s organizational structure Article 5 Legal basis for management of the fund Article 6 Types and objectives of real estate investment funds Article 7 Fund governance Chapter two Fund management and disclosure Article 8 Fund Management Article 9 Disclosure Chapter Three Fund Assets Requirements custody of its assets and operation rules Article 10 Fund assets requirements Article 11 Custody of fund assets and related documents Article 12 Segregation of fund assets Article 13 Title to units Article 14 Subscription Article 15 Restrictions on the funds Article 16 Trading Article 17 Advertising Article 18 Termination of the Fund Chapter Four Commissions service and management fees Article 19 Commissions services and management fees 2 REAL ESTATE INVESTMENT FUND REGULATIONS CAPITAL MARKET .