Modification Notice to ASB Capital Limited

The DFSA has issued a modification notice to ASB Capital Limited, altering the application of certain rules related to Money Market Funds. This modification allows the Fund Manager to invest a higher percentage of the fund's net asset value in deposits with a single bank, provided certain credit rating conditions are met. This change is significant for fund managers as it provides more flexibility in investment strategies.

What firms should do

Review and adjust investment strategies in accordance with the modified rules.

Regulator: Dubai Financial Services Authority
Type: Regulatory Notice
Status: Enacted/In Force
Published: 4 Sept 2026
Takes effect: 4 Sept 2026
Reference: W1152/2026
Topic: Prudential
Impact: Medium

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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