DFSA Passported Funds Module (FPR)chapter by chapter

AMI (Multiple)DFSA DFSA AMI General Obligations

DFSA DFSA AMI General Obligations

AMI 5 – 11DFSA Market Operator Operational and Governance Obligations

DFSA Market Operator Operational and Governance Obligations

AMI App 1 / 2DFSA Authorised Market Institution — Market Integrity Rules

DFSA Authorised Market Institution — Market Integrity Rules

AML (Multiple)DFSA DFSA AML General Obligations

DFSA DFSA AML General Obligations

AML 3DFSA AML/CFT Business-Wide Risk Assessment

DFSA AML/CFT Business-Wide Risk Assessment

AML 7DFSA Customer Due Diligence (CDD) Procedures

DFSA Customer Due Diligence (CDD) Procedures

AML 8DFSA Enhanced Due Diligence (EDD) and PEP Screening

DFSA Enhanced Due Diligence (EDD) and PEP Screening

AML 9 / GEN 7.5DFSA MLRO Appointment and Responsibilities

DFSA MLRO Appointment and Responsibilities

AML 10DFSA Correspondent Banking and Payable-Through Accounts

DFSA Correspondent Banking and Payable-Through Accounts

AML 14DFSA Sanctions Compliance and Screening

DFSA Sanctions Compliance and Screening

AML 15DFSA Wire Transfer Compliance (Travel Rule)

DFSA Wire Transfer Compliance (Travel Rule)

AML 16DFSA AML/CFT Staff Training Programme

DFSA AML/CFT Staff Training Programme

AML 17DFSA Suspicious Transaction Reporting (STR) Obligations

DFSA Suspicious Transaction Reporting (STR) Obligations

AUD (Multiple)DFSA DFSA AUD General Obligations

DFSA DFSA AUD General Obligations

AUD 3DFSA Auditor Appointment and Independence

DFSA Auditor Appointment and Independence

CIR (Multiple)DFSA DFSA CIR General Obligations

DFSA DFSA CIR General Obligations

CIR 1.1 / 11DFSA Fund Governance and Oversight Obligations

DFSA Fund Governance and Oversight Obligations

CIR 13.3 – 13.9DFSA Specialist Fund Type Rules (REIT, Hedge, PE, Property, MMF)

DFSA Specialist Fund Type Rules (REIT, Hedge, PE, Property, MMF)

CIR 14DFSA Fund Prospectus and Disclosure Requirements

DFSA Fund Prospectus and Disclosure Requirements

COB (Multiple)DFSA DFSA COB General Obligations

DFSA DFSA COB General Obligations

COB 4DFSA Pre-Sale and Ongoing Client Disclosures

DFSA Pre-Sale and Ongoing Client Disclosures

COB 8DFSA Conflicts of Interest Policy and Management

DFSA Conflicts of Interest Policy and Management

COB 14DFSA Client Assets (Segregation and Custody)

DFSA Client Assets (Segregation and Custody)

COB 15DFSA Insurance Mediation Conduct Rules

DFSA Insurance Mediation Conduct Rules

COB 17DFSA Crowdfunding Platform Obligations

DFSA Crowdfunding Platform Obligations

COB 18DFSA Crypto Token Business Conduct Obligations

DFSA Crypto Token Business Conduct Obligations

FPR (Multiple)DFSA DFSA FPR General Obligations

DFSA DFSA FPR General Obligations

GEN (Multiple)DFSA DFSA GEN General Obligations

DFSA DFSA GEN General Obligations

GEN 4 / PIBDFSA Capital Adequacy and Financial Resources Requirements

DFSA Capital Adequacy and Financial Resources Requirements

GEN 5.3DFSA Systems and Controls (Governance, Audit, Risk)

DFSA Systems and Controls (Governance, Audit, Risk)

GEN 5.4DFSA Outsourcing and Material Function Delegation

DFSA Outsourcing and Material Function Delegation

GEN 8.6DFSA Annual Audit Report Submission

DFSA Annual Audit Report Submission

GEN 9.2DFSA Complaints Handling Procedures

DFSA Complaints Handling Procedures

GEN 11.10DFSA Material Change and Notification Obligations

DFSA Material Change and Notification Obligations

GEN Retention ScheduleDFSA Record Retention (Retention Schedule)

DFSA Record Retention (Retention Schedule)

REP 2 – 4DFSA Regulatory Returns and Reporting Obligations

DFSA Regulatory Returns and Reporting Obligations

1.3.1 (definition of Qualified Investor, 'Assessed Qualified Investor - Individuals' item (7))1.3 Glossary for FPR

Trigger a re-classification workflow that removes Qualified Investor status from a joint account holder immediately upon receipt of a withdrawal notice.

2.1.22.1 Passported Funds

Confirm and document the Fund's classification as either Public Fund or Private Fund before/at notification and maintain that classification consistently in all filings.

2.1.32.1 Passported Funds

Implement investor eligibility screening and minimum subscription controls so that Private Fund units are marketed/sold only via private placement to verified Qualified Investors at or above the $50,000 minimum.

3.1.23.1 Notification for Private Funds

Prepare and submit a formal notification to the DFSA of intent to register the Private Fund as a Passported Fund before commencing any cross-border Promotion.

3.1.3(a)-(f)3.1 Notification for Private Funds

Compile a complete notification pack containing: DFSA-prescribed form, list of Host Jurisdictions, list of Agents, offering document with the exact mandated disclaimer text, notification fee payment, and any additional information requested by DFSA.

3.1.83.1 Notification for Private Funds

On receipt of a DFSA name-conflict notice, immediately halt all marketing/sales activity for the affected fund and run a rebranding process (new name, updated offering documents/marketing materials) before resuming Promotion.

3.1.93.1 Notification for Private Funds

Maintain a process to identify material changes/errors/omissions affecting a pending notification and issue written notice to DFSA immediately upon discovery.

3.2.23.2 Notification for Public Funds

Prepare and submit a formal notification to the DFSA of intent to register the Public Fund as a Passported Fund before commencing any cross-border Promotion.

3.2.3(a),(c),(d),(e),(f),(h)3.2 Notification for Public Funds

Compile a complete notification pack containing: DFSA-prescribed form, list of Host Jurisdictions, list of Agents, prospectus with the exact mandated disclaimer text, notification fee payment, and any additional information requested by DFSA.

3.2.3(b)3.2 Notification for Public Funds

Perform and document a formal compliance assessment of the Public Fund against every App1 minimum requirement, and prepare a signed certification of ongoing compliance for submission with the notification.

3.2.3(g)3.2 Notification for Public Funds

Produce a KIID for the Public Fund in both English and Arabic and include both language versions in the notification pack.

3.2.83.2 Notification for Public Funds

On receipt of a DFSA name-conflict notice, immediately halt all marketing/sales activity for the affected fund and run a rebranding process (new name, updated offering documents/marketing materials) before resuming Promotion.

3.2.93.2 Notification for Public Funds

Maintain a process to identify material changes/errors/omissions affecting a pending notification and issue written notice to DFSA immediately upon discovery.

6.1.2(a)6.1 Compliance with Constitution

Implement an ongoing compliance monitoring programme that checks Fund operations against the Fund Constitution, applicable home-jurisdiction law, and FPR requirements.

6.1.2(b)6.1 Compliance with Constitution

Establish and keep current a Unitholder register recording all Unitholders and their unit holdings, updated for every subscription, redemption and transfer.

6.2.26.2 Ongoing Appointment of Fund Manager

Continuously verify that the Fund Manager's authorisation with its Home Regulator remains valid and in place, and ensure a duly authorised successor is appointed without a gap if a change occurs.

6.3.26.3 Promotion by Fund Managers, Agents and other Licensed Persons

Before Promoting any Passported Fund in the DIFC, verify that the Fund is registered with the DIFC nominated as a Host Jurisdiction and confine all promotional activity strictly to that registered fund.

6.3.36.3 Promotion by Fund Managers, Agents and other Licensed Persons

Maintain awareness of, and comply with, home-jurisdiction legislation and licensing conditions applicable to the entity conducting Promotion activity in the DIFC.

6.4.26.4 Additional criteria for Public Funds

Establish periodic reassessment of the Public Fund against all App1 minimum requirements (incorporation/legal formalities, trustee, auditor, Prospectus content) to confirm ongoing compliance.

6.5.26.5 Custodian

Verify and document the custodian's eligibility/regulatory status and independence from the Fund Manager before appointment, and re-verify on an ongoing basis.

6.5.36.5 Custodian

Appoint and maintain, without interruption, an SCA-authorised custodian independent of the Fund Manager for every Public Fund that is not a Property Fund.

6.6.26.6 Reporting changes to the DFSA

Implement an event-monitoring and escalation process so that any of the listed material events triggers a DFSA notification within 7 days of the Fund Manager becoming aware of it.

6.6.36.6 Reporting changes to the DFSA

Ensure every material-event notification to DFSA uses the prescribed form/template and includes sufficient descriptive detail plus, where relevant, the updated prospectus/offering document.

7.1.27.1 Notification and Annual Fees

Calculate, budget for and pay the DFSA notification fee at notification and the annual fee each year in accordance with the FER fee schedule.

8.1.58.1 De-registration by the DFSA

Monitor de-registration notices/register status and immediately halt all Promotion activity for a Passported Fund in the affected Host Jurisdiction upon removal from either register.

8.2.38.2 Notification of de-registration by Home Regulator to the DFSA

Monitor register status and immediately halt all DIFC Promotion activity for a Passported Fund upon its removal from either register.

A1.1.1(a)App 1 Minimum Requirements for Public Funds

Confirm and document completion of all incorporation/legal formation steps for the Public Fund before it is promoted as a Passported Fund.

A1.1.1(b)App 1 Minimum Requirements for Public Funds

Verify and document that the appointed trustee satisfies all Home Jurisdiction eligibility requirements for acting as trustee of a Public Fund.

A1.1.1(c)App 1 Minimum Requirements for Public Funds

Appoint an auditor meeting Home Jurisdiction audit-rule requirements and verify continued compliance with those rules.

A1.1.1(d)App 1 Minimum Requirements for Public Funds

Review the Prospectus against every A1.1.2 content requirement and remediate any gaps before submission/use.

A1.1.2(1)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Document Status' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(2)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Description of the Fund' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(3)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Investment Objectives and Policy' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(4)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Characteristics of Units' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(5)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'The Fund Manager' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(6)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Directors and other Officers' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(7)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Service Providers and Advisers' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(8)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'The Auditor, Custodian and Trustee' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(9)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'The Register of Unitholders' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(10)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Payments out of the Fund Property' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(11)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Dealing' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(12)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Valuation of the Fund Property' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(13)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Sale and Redemption Charges' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(14)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Financial Reports' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(15)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Information in respect of Umbrella Funds' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.

A1.1.2(16)App 1 Minimum Requirements for Public Funds

Ensure the Prospectus contains the 'Key Investor Information Document (KIID)' disclosure content required by A1.1.2 and keep it current for as long as the Fund is promoted as a Passported Fund.