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Fund Distribution Agreement
"I need a Fund Distribution Agreement for a QFC-licensed asset management company planning to distribute conventional and Islamic investment funds through a local Qatari bank, with distribution to commence from March 2025."
1. Parties: Identification of the Fund Manager/Company and the Distributor, including their regulatory status and authorizations
2. Background: Context of the agreement, including brief description of the funds and distribution arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement, including regulatory terms specific to Qatar
4. Appointment and Scope: Terms of appointment, exclusivity/non-exclusivity, territory, and authorized funds for distribution
5. Regulatory Compliance: Obligations regarding QFC/QCB regulations, licensing requirements, and ongoing compliance
6. Distribution Services: Detailed description of authorized distribution activities and service levels
7. Marketing and Promotion: Rules for marketing the funds, approval processes for materials, and compliance with local marketing regulations
8. Subscription and Redemption Procedures: Process for handling investor subscriptions, redemptions, and related documentation
9. Fees and Commission: Fee structure, payment terms, and commission calculations
10. AML and KYC Requirements: Anti-money laundering and know-your-customer obligations specific to Qatar
11. Representations and Warranties: Standard and specific warranties from both parties
12. Record Keeping and Reporting: Requirements for maintaining records and providing reports
13. Confidentiality: Confidentiality obligations and data protection requirements
14. Term and Termination: Duration of agreement and termination provisions
15. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. White Labeling: Include when the distributor will rebrand or white label the funds
2. Online Distribution Channels: Include when distribution will occur through digital platforms
3. Sub-Distribution Rights: Include when the distributor is permitted to appoint sub-distributors
4. Performance Standards: Include when specific performance metrics and targets are required
5. Local Sponsorship: Include when local sponsorship requirements apply outside QFC
6. Shariah Compliance: Include for Islamic funds or Shariah-compliant distribution requirements
7. Cross-Border Provisions: Include when distribution extends beyond Qatar
1. Schedule 1 - Authorized Funds: List of funds approved for distribution with key details
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, commissions, and payment terms
3. Schedule 3 - Distribution Territory: Detailed description of authorized distribution territories
4. Schedule 4 - Operational Procedures: Detailed procedures for subscriptions, redemptions, and reporting
5. Schedule 5 - Marketing Guidelines: Specific requirements for marketing materials and approval process
6. Schedule 6 - Compliance Requirements: Detailed regulatory and compliance obligations
7. Appendix A - Required Documentation: Templates and forms for investor documentation
8. Appendix B - Service Level Agreement: Detailed service standards and response times
9. Appendix C - Contact Details: Key contacts for both parties for various functions
Authors
Financial Services
Investment Management
Banking
Asset Management
Wealth Management
Islamic Finance
Professional Services
Fund Administration
Securities and Investment
Financial Technology
Legal
Compliance
Distribution
Sales
Operations
Risk Management
Product Development
Business Development
Regulatory Affairs
Investment Management
Client Services
Fund Administration
Chief Executive Officer
Head of Distribution
Compliance Officer
Legal Counsel
Chief Operating Officer
Investment Manager
Relationship Manager
Business Development Manager
Risk Manager
Fund Manager
Distribution Director
Regulatory Affairs Manager
Operations Manager
Sales Director
Product Manager
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