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of <h1>Specialized Investment Fund strategy launches must follow mutual fund Reg 24 procedures; disclose open/closed/interval format, liquidity, and Chapter IX fees</h1> Investment strategies under the Specialized Investment Fund must be launched in accordance with the procedure applicable to mutual fund schemes under regulation 24, with compliance thereby required with any further manner specified by the Board from time to time (operative effect: launches are subject to those procedural requirements). Each investment strategy shall be offered as open-ended, close-ended or interval, and the subscription and redemption frequency must be explicitly disclosed in the offer document (operative effect: investors receive clear tenure and liquidity terms). Fees and expenses for such strategies shall conform to the requirements of Chapter IX (operative effect: fee structures are governed by Chapter IX limits and prescriptions).
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