Investing in other AIFs: AIFs may hold units of other funds and direct securities subject to disclosure and investor consent. AIFs may invest simultaneously in units of other AIFs and directly in investee securities within Regulation 15 limits; such investments need PPM disclosure and at least two thirds unit holder consent. PPMs must state allocation to other AIFs, fees attributable to those investments, compliance processes, and related party AIF investment details. Category III AIFs investing in other AIFs face a leverage cap calculated after excluding the value of such investments. The Fourth Schedule Code of Conduct applies to key management personnel, who must be named in the PPM and whose changes must be notified. A waiver format for Investment Committee compliance is prescribed, and consent is not required for changes in ex officio external investment committee members.
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.
Investing in other AIFs: AIFs may hold units of other funds and direct securities subject to disclosure and investor consent.
AIFs may invest simultaneously in units of other AIFs and directly in investee securities within Regulation 15 limits; such investments need PPM disclosure and at least two thirds unit holder consent. PPMs must state allocation to other AIFs, fees attributable to those investments, compliance processes, and related party AIF investment details. Category III AIFs investing in other AIFs face a leverage cap calculated after excluding the value of such investments. The Fourth Schedule Code of Conduct applies to key management personnel, who must be named in the PPM and whose changes must be notified. A waiver format for Investment Committee compliance is prescribed, and consent is not required for changes in ex officio external investment committee members.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
