- The fund manager prepares the required fund documents: the fund’s terms and conditions, information memorandum, and key information summary.
- The fund manager submits a request for approval to establish the fund and offer its units publicly, attaching the required documents.
- The fund manager receives any CMA comments or requests for additional information, addresses them, and submits the updated documents within the specified timeframe.
- The fund manager pays the review fees as instructed by the CMA and submits proof of payment.
- The fund manager follows up on the application until the CMA issues its decision.
A Capital Market Institution seeking to offer and manage public investment funds must be licensed by the Capital Market Authority to conduct the activity of managing investments and operating funds, or the activity of managing investments.
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