Special situation fund launches by Registered FMEs remain subject to the governing Chapter's requirements under Regulation 53. Regulation 53 permits a Registered FME to launch a special situation fund in accordance with Part D and the provisions of the governing Chapter. The ... Summary
Special situation fund launches by Registered FMEs remain subject to the governing Chapter's requirements under Regulation 53.
Regulation 53 permits a Registered FME to launch a special situation fund in accordance with Part D and the provisions of the governing Chapter. The authority to launch is qualified by compliance with that Chapter's applicable provisions, so the permission to establish the fund operates within the special situation fund framework.
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