Minimum investment requirement for Specialized Investment Funds set, with accredited investor exemption and manager certification mandate. Regulation 49X requires Specialized Investment Funds to enforce a minimum investment threshold across all investment strategies while exempting accredited ... Summary
Minimum investment requirement for Specialized Investment Funds set, with accredited investor exemption and manager certification mandate.
Regulation 49X requires Specialized Investment Funds to enforce a minimum investment threshold across all investment strategies while exempting accredited investors; requires Fund Managers to hold the relevant NISM certification as specified by the Board; and makes all applicable mutual fund regulatory provisions applicable to Investment Strategies under a Specialized Investment Fund unless otherwise provided.
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