FME contribution requirements for retail schemes mandate ongoing minimum investment, subject to relocation and fund of funds exemptions. An FME or its associate must contribute to a retail scheme at least one per cent of its assets under management or USD 200,000, whichever is lower. This ... Summary
FME contribution requirements for retail schemes mandate ongoing minimum investment, subject to relocation and fund of funds exemptions.
An FME or its associate must contribute to a retail scheme at least one per cent of its assets under management or USD 200,000, whichever is lower. This obligation is excluded for relocated overseas funds or schemes and for fund of funds schemes investing in schemes with similar contribution requirements. The contribution must be made within forty-five days, maintained continuously, and may receive an extension. FME contributions may count towards applicable net-worth requirements.
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