AIF disclosures: enhanced placement memorandum, reporting, investor exit rights and annual compliance reporting under regulations. AIFs must enhance investor transparency: Category III funds report end-of-day leverage to custodians by next working day; placement memoranda must include a detailed tabular fees example and disciplinary history, with existing AIFs circulating addenda to investors and filing copies with the regulator. Material changes to placement memoranda trigger defined exit rights for dissenting investors, with managers bearing exit costs and trustees/sponsors overseeing the process. Managers must prepare an annual Compliance Test Report in the prescribed format and report violations to the regulator. Exempted funds must submit prescribed scheme information electronically within the specified period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
AIF disclosures: enhanced placement memorandum, reporting, investor exit rights and annual compliance reporting under regulations.
AIFs must enhance investor transparency: Category III funds report end-of-day leverage to custodians by next working day; placement memoranda must include a detailed tabular fees example and disciplinary history, with existing AIFs circulating addenda to investors and filing copies with the regulator. Material changes to placement memoranda trigger defined exit rights for dissenting investors, with managers bearing exit costs and trustees/sponsors overseeing the process. Managers must prepare an annual Compliance Test Report in the prescribed format and report violations to the regulator. Exempted funds must submit prescribed scheme information electronically within the specified period.
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