Restricted scheme investment limits cap unlisted exposure and require investor approval for associate transactions and investments. Restricted schemes must limit an open-ended scheme's unlisted-security investments to 25% of corpus, subject to the stated fund of funds exception. They ... Summary
Restricted scheme investment limits cap unlisted exposure and require investor approval for associate transactions and investments.
Restricted schemes must limit an open-ended scheme's unlisted-security investments to 25% of corpus, subject to the stated fund of funds exception. They require a minimum corpus of USD 3 million, although an open-ended scheme may commence investments after raising USD 1 million and must meet the minimum within 12 months. Investments in associates and specified related-party securities transactions require approval from investors holding 75% by value, with voting exclusions for certain major transacting investors. Fund of funds schemes may be exempt where prescribed disclosures are made.
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