Investment manager experience requirement updated and fast track rights issues exempted from draft offer document filing subject to conditions. The amendments require that an investment manager have at least five years' experience in fund management, advisory services, or infrastructure development, or that the combined experience of its directors, partners or employees in those activities be at least thirty years, counting only those with more than five years' relevant experience. Separately, an InvIT is not required to file a draft offer document with the Board for a fast track rights issue, subject to conditions specified by the Board.
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Investment manager experience requirement updated and fast track rights issues exempted from draft offer document filing subject to conditions.
The amendments require that an investment manager have at least five years' experience in fund management, advisory services, or infrastructure development, or that the combined experience of its directors, partners or employees in those activities be at least thirty years, counting only those with more than five years' relevant experience. Separately, an InvIT is not required to file a draft offer document with the Board for a fast track rights issue, subject to conditions specified by the Board.
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