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  1. All documents shall be delivered to SCA in PDF format or sent in an appropriate storage device (e.g. CD or flash-memory drive) or via email to CIS@SCA.AE, with no more than three e-mails per box.
  2. An approved hard copy of the following documents shall be delivered by hand or sent via e-mail:
  • An application for the approval of the promotion of foreign mutual funds units in a  free zone inside the UAE.
  • An undertaking by the chairman of the board in connection with the promotion as per SCA form.
  • Copy of the approval issued by the foreign regulatory authority to establish the fund (duly stamped on every page by the applicant).

​1. The founder of the local fund shall submit an application for mutual fund cancellation, along with a report of liquidation reasons and mechanism.
2. SCA shall examine the application submitted and the documents attached. SCA has the right to require any other documents or information it sees fit.
3. SCA shall issue its decision approving or rejecting the cancellation application in no more than 15 business days from the date of submitting all required documents and information.

  1. First the request and the submitted documents will be examine and if there is any shortcoming documents the applicant company will be notified to complete the required documents .
  2. Second SCA issues it is decision either approving or rejecting the establishment of the Mutual fund and it can state the approval limits based on the type of the IPO .
  3. Then the applicant should finalize all of the needed contracts and agreements with all of the service providers and should set the board of directors for the fund and the following documents should be submitted :
  4. Copies of all of the contracts and agreements signed from all parties
  • Copy of the Offering plan with the confirmed offering dates
  • Two certified copies of the Prospectus ( Public placement – privet placement )
  • .Two copies of the offering document summary for the public placement Fund .
  • Any remaining documents been postponed to be submitted .
  1. SCA certifies both documents (the two copies of the prospectus ) and (the two copies of the offering plan summary ) and approval letter will be provided to the applicant to proceed on receiving the subscription s requests as it is mentioned in the offering plan with confirming to not use any of the subscription money until receiving the SCA’s final approval .
  2. The applicant should provide SCA with weekly report representing the subscription situation , subscription Dates , the Number of the subscribers and the outstanding subscription . At the end of subscription period and the applicant should provide SCA with the following :
  • Approval letter requesting SCA to approve lunching the fund when the minimum subscription amount is completed OR to request canceling the fund if the minimum subscription amount is not completed in that case the applicant should undertake to return back all of the subscribers money .
  • Certificate from the Fund financial auditor to state the final position the fund according to the model prepared by the Commission for this purpose Authority (Form 5: auditor certificate stance final subscription).


  1. A letter from SCA will be issued to Either approve or reject the Fund depending on the subscription result .

1. The founder of the local fund shall submit an application for mutual fund cancellation, along with a report of liquidation reasons and mechanism.

2. SCA shall examine the application submitted and the documents attached. SCA has the right to require any other documents or information it sees fit.

3. SCA shall issue its decision approving or rejecting the cancellation application in no more than 15 business days from the date of submitting all required documents and information.

​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.