Minimum investment requirement for Specialized Investment Funds set, with accredited investor exemption and manager certification mandate. Regulation 49X requires Specialized Investment Funds to enforce a minimum investment threshold across all investment strategies while exempting accredited investors; requires Fund Managers to hold the relevant NISM certification as specified by the Board; and makes all applicable mutual fund regulatory provisions applicable to Investment Strategies under a Specialized Investment Fund unless otherwise provided.
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Provisions expressly mentioned in the judgment/order text.
Minimum investment requirement for Specialized Investment Funds set, with accredited investor exemption and manager certification mandate.
Regulation 49X requires Specialized Investment Funds to enforce a minimum investment threshold across all investment strategies while exempting accredited investors; requires Fund Managers to hold the relevant NISM certification as specified by the Board; and makes all applicable mutual fund regulatory provisions applicable to Investment Strategies under a Specialized Investment Fund unless otherwise provided.
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