Investor commitment threshold exemption allows AIF investors to waive specified compliance requirements when high commitment and waiver furnished. A new proviso to Regulation 20 provides that clauses (i) and (ii) shall not apply to an Alternative Investment Fund in which each investor, other than the Manager, Sponsor, employees or directors of the Alternative Investment Fund or employees or directors of the Manager, has committed to invest at or above the prescribed investor commitment threshold and has furnished a waiver in respect of compliance with those clauses, in the manner specified by the Board.
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.
Investor commitment threshold exemption allows AIF investors to waive specified compliance requirements when high commitment and waiver furnished.
A new proviso to Regulation 20 provides that clauses (i) and (ii) shall not apply to an Alternative Investment Fund in which each investor, other than the Manager, Sponsor, employees or directors of the Alternative Investment Fund or employees or directors of the Manager, has committed to invest at or above the prescribed investor commitment threshold and has furnished a waiver in respect of compliance with those clauses, in the manner specified by the Board.
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