FME sponsor contribution in restricted schemes requires ongoing investment, subject to relocation, investor-waiver, accredited-investor and fund-of-funds exemptions. Restricted schemes require the FME or its associate to maintain a prescribed minimum contribution, subject to a general 10% targeted-corpus ceiling. The ... Summary
FME sponsor contribution in restricted schemes requires ongoing investment, subject to relocation, investor-waiver, accredited-investor and fund-of-funds exemptions.
Restricted schemes require the FME or its associate to maintain a prescribed minimum contribution, subject to a general 10% targeted-corpus ceiling. The contribution is not mandatory for relocated funds or schemes. The ceiling does not apply where specified non-resident ownership and investment-concentration conditions are met. Contribution proportionate to investor investment must be made within 45 days and maintained on an ongoing basis, subject to possible extension. Exemptions apply upon qualifying investor waiver, accredited-investor participation, or for fund of funds schemes investing in schemes with similar requirements.
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