Alternative Investment Fund inclusion expands regulatory scope; AIFs are integrated into issuance, FVCI and takeover rules. Regulatory text is amended to incorporate Alternative Investment Funds into issuance, foreign venture capital and takeover rules by inserting AIF ... Summary
Alternative Investment Fund inclusion expands regulatory scope; AIFs are integrated into issuance, FVCI and takeover rules.
Regulatory text is amended to incorporate Alternative Investment Funds into issuance, foreign venture capital and takeover rules by inserting AIF references, redefining 'Venture Capital Fund' to include Category I AIFs, replacing 'venture capital undertaking' with corresponding AIF definitions, and applying a minimum one year lock in for equity held by venture capital funds or Category I AIFs.
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