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of <h1>Regulation 2 defines key terms for the infrastructure investment trust framework, including sponsor, investment manager, units, NAV, related parties</h1> Regulation 2 sets out defined terms for the infrastructure investment trust regulatory framework, specifying meanings for governance and market concepts including associate, change in control, sponsor, investment manager, trustee, unit, unit holder, SPV, holdco, InvIT assets, listed InvIT, public and qualified institutional buyer, eligible/under-construction/completed projects, project manager, designated stock exchange, offers (initial, public, follow-on, preferential, private placement), valuation, NAV and related parties, among others; it also provides explanations and provisos for thresholds, composition and eligibility and states that undefined terms bear meanings from applicable statutes and subordinate rules.
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