CMA - CME 1

The Remuneration, expenses and fees in relation to advisory services paid to the fund manager.

Managing securities belonging to another person in circumstances involving the exercise of discretion.

tradeable instrument creating or acknowledging indebtedness issued by companies, the government, public institutions or public organisations, but excluding: 1) an instrument creating or acknowledging indebtedness for the consideration payable under a contract for the supply of goods or services, or for money borrowed to defray the consideration payable under a contract for the supply of goods or services; 2) a cheque, a bill of exchange, a banker’s draft or a letter of credit; 3) a banknote, a statement showing a balance on a bank account, or a lease contract or any other evidence of disposition of property; and 4) a contract of insurance.

listing of the securities on the Exchange or, where the context permits, application for listing on the Exchange.

the acquisition of control of a company listed on the Exchange.

An arrangement where a listed company makes an offer for an unlisted company on terms that (a) the listed company will offer new shares in itself to the shareholders of the unlisted company in exchange for their shares, and (b) the number of shares to be issued by the listed company under this arrangement is so large that the shareholders of the unlisted company acquire, between them, more than 50%.

the notification required to be made to the Authority under Article 12 paragraph (a/2) of the Offers of Securities Regulations.

assets treated as client assets as specified in Part 7 of the Authorised Persons Regulations.

Means any of the following: 1) fixed assets; 2) financial resources which are not readily realisable; or 3) deposits not available for withdrawal within three months or less.

non cash assets, without physical substance, capable of providing the firm with services or benefits in the future, and in which the firm has acquired the right as a result of events that have occurred or operations that have been completed in the past. Intangible assets could be separately identifiable (could be separated from other assets), such as formation costs, trademarks, copyrights, industrial samples and designs, franchises and licenses. Intangible assets could also be unidentifiable in a separate manner such as goodwill, management skills and qualifications, and other factors which constitute the reputation.

means in the Merger and Acquisition Regulations, an announcement made to the public through the Exchange or information system recognised for the purpose by the Authority.

a person who is authorised under the Authorised Persons Regulations to conduct the securities activity of custody.

actual insolvency, or the commencement of any proceedings in respect of insolvency, liquidation or a voluntary arrangement under the Bankruptcy Regulations, or the commencement of any equivalent procedures in the Kingdom or in any other jurisdiction outside the Kingdom.

has the meaning specified at Article 3 of the Securities Business Regulations.

securities business carried on by an authorised person in connection with: 1) the offer, issue, underwriting, repurchase, exchange or redemption of, or the variation of the terms of, those securities, or any related matter; 2) the manner in which, or the terms on which, or the persons by whom, any business activity is to be financed, structured, managed, controlled, regulated or reported upon; 3) an actual or proposed takeover or related operations; or 4) a merger, de-merger or reorganisation.