Fit and proper person criteria permit use of intermediaries' standards for evaluating venture capital fund registration eligibility. Determination of whether an applicant or venture capital fund is a fit and proper person hinges on the Board taking into account the criteria specified in the intermediaries regulations' prescribed schedule, thereby applying intermediaries' fit-and-proper standards to venture capital fund registration.
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Provisions expressly mentioned in the judgment/order text.
Fit and proper person criteria permit use of intermediaries' standards for evaluating venture capital fund registration eligibility.
Determination of whether an applicant or venture capital fund is a fit and proper person hinges on the Board taking into account the criteria specified in the intermediaries regulations' prescribed schedule, thereby applying intermediaries' fit-and-proper standards to venture capital fund registration.
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