Category I AIF classification confirmed for CDMDF, aligning its backstop role with market development regulatory treatment. The CDMDF, established under Chapter III C of the AIF Regulations to act as a Backstop Facility for investment grade corporate debt and to enhance secondary market liquidity during stress, is clarified to fall within Category I AIF under Regulation 3(4)(a) of the AIF Regulations; this aligns the fund's market development objective with the regulatory treatment applicable to Category I funds.
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Provisions expressly mentioned in the judgment/order text.
Category I AIF classification confirmed for CDMDF, aligning its backstop role with market development regulatory treatment.
The CDMDF, established under Chapter III C of the AIF Regulations to act as a Backstop Facility for investment grade corporate debt and to enhance secondary market liquidity during stress, is clarified to fall within Category I AIF under Regulation 3(4)(a) of the AIF Regulations; this aligns the fund's market development objective with the regulatory treatment applicable to Category I funds.
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