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  Introducing amendments to the prospectus/private placement memorandum of a local mutual fund   
Service definition
تقييم بطاقة الخدمة
Service Name Introducing amendments to the prospectus/private placement memorandum of a local mutual fund 
Service Owner Securities and Commodities Authority (SCA) 
Section Mutual Funds 
Department Issuance and Disclosure  
Service Audience
Entities who have SCA’s approval to establish or register local mutual funds
Available Forms
 
   
Service description
This service is about issuing approval to the introduction of amendments to the information or statements contained in the prospectus/private placement memorandum of a local mutual fund.
Requirements and conditions of service

1. A Local mutual fund whose prospectus/private placement memorandum is to be amended must meet the following conditions:

 • Be either licensed by or registered with SCA

. • Has observed the controls stipulated by board decision no. (37) of 2012 on mutual fund regulations, specifically relating to the prospectus/private placement memorandum items to be amended (and according to the nature of the fund)

. 2. The amendment application must be submitted in accordance with the SCA forms and application fees must be paid.

 3. The amendment application must be submitted by the legal representative of the fund.

Required documents
Form 1: Application to Amend Prospectus/Private Placement Memorandum of A Local Mutual Fund.
Service steps and procedures

1. The application must be completed, as per Form 1, and submitted to SCA by the legal representative of the fund. Soft and hard copies of the documents outlined in the application form must be attached with the application.

 2. SCA shall consider the application and the documents attached and shall notify applicants of any missing information or documents.

 3. SCA shall either approve the prospectus/private placement memorandum amendment application or turn it down. SCA has the right to put approval limits and terms according to the nature of the fund and the nature of offering in the country.

 4. Applicants must complete the procedures within the approval limits and then supply SCA with the following: • Two hard copies of the prospectus/private placement memorandum (post amendment) as per the approval issued.

 • Any other documents SCA requires in accordance with the limits or terms of approval issued.

 • SCA shall certify the two copies of the prospectus/private placement memorandum and shall furnish one copy to the applicant.

Service Fees and Duration
Service Fees
5000 AED
Approximate time for completing service application
Contact Details
Working Hours
07:30 AM- 02:30 PM 
Service Location SCA Abu Dhabi HQ 
Department/Section Issuance and Disclosure - Mutual Funds  
Phone  
Fax  
Email  
Other contact details  
EService Link to apply online 
Service Administrator  
Delivery Mode
Online Delivery | استلام الكتروني / تلقائي 
Charter customer service
Service follow-up forum  
Total Number of requests 955 
هل الخدمة متوفرة كخدمة ذكية ؟ No  | تطبيقات الهواتف والأجهزة الذكية Smart Phones and Devices Application
ضرورة في التسجيل للتقديم للخدمة ؟ Yes 
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بوابة الاقتراحات والملاحظات لحكومة الامارات
Page Last updated on : 15 June 2016 At 11:05
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