Eligibility criteria for alternative investment funds set registration prerequisites including entity documents, manager qualifications, infrastructure, and fund disclosures. Regulation 4 requires that an applicant's constitutional instrument authorise AIF activity and bar public invitations; trusts and LLPs must be duly ... Summary
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Eligibility criteria for alternative investment funds set registration prerequisites including entity documents, manager qualifications, infrastructure, and fund disclosures.
Regulation 4 requires that an applicant's constitutional instrument authorise AIF activity and bar public invitations; trusts and LLPs must be duly registered or filed; corporate applicants must be validly constituted and permitted to carry on AIF activities; and the applicant, Sponsor and Manager must be fit and proper persons under Schedule II of the Intermediaries Regulations.
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