Placement memorandum requirement mandates comprehensive investor disclosures for alternative investment funds, covering fees, strategy, conflicts, and winding-up. Regulation 11 mandates that an Alternative Investment Fund raise funds only by private placement through an information or placement memorandum, which must disclose all material information including AIF and Manager particulars, key investment team background, targeted investors, fees and expenses, tenure, redemption conditions, investment strategy, risk management parameters, key service providers, terms of reference of the committee approving AIF decisions, conflict of interest procedures, disciplinary history, Manager's service terms and winding up procedures.
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Provisions expressly mentioned in the judgment/order text.
Placement memorandum requirement mandates comprehensive investor disclosures for alternative investment funds, covering fees, strategy, conflicts, and winding-up.
Regulation 11 mandates that an Alternative Investment Fund raise funds only by private placement through an information or placement memorandum, which must disclose all material information including AIF and Manager particulars, key investment team background, targeted investors, fees and expenses, tenure, redemption conditions, investment strategy, risk management parameters, key service providers, terms of reference of the committee approving AIF decisions, conflict of interest procedures, disciplinary history, Manager's service terms and winding up procedures.
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