FUNDS 11.1.5 FUNDS 11.1.5
The Fund Manager and, if appointed, the Trustee of a Fund must ensure that the name of the Fund or any Sub-Fund or class of Units in the Fund or Sub-Fund, is not undesirable, misleading or in conflict with the name of another Fund or another Sub-Fund or class of Units in the Fund or Sub-Fund.
Guidance1. Pursuant to Section 117 of FSMR, the Regulator has the power to make a direction if a name of a Fund, Sub-Fund or class of Units in a Fund is undesirable, misleading or conflicts with a name used by another Fund, Sub-Fund or class of Units of a Fund.2. In determining whether to make a direction under these powers, the matters that the Regulator may take into account include whether the name of the Fund, Sub-Fund or class of Units as the case may be:a. implies that the Fund, Sub-Fund or class of Units has merits which are not, or might not be, justified;b. is inconsistent with the Fund's investment objectives or policy;c. might mislead Unitholders or prospective Unitholders into thinking that a Person other than the Fund Manager is responsible for the Fund, Sub-Fund or class of Units of the Fund;d. is substantially similar to the name of another Fund in the Abu Dhabi Global Market or elsewhere; ore. is in the opinion of the Regulator likely to offend the public.