Investment concentration limits for Category III AIFs revised, with higher threshold for large-value accredited-investor funds. Amendment substitutes clause (d) of sub-regulation (1) of regulation 15 to restrict Category III AIFs to a capped share of investable funds in any single Investee Company, by direct investment or through units of other AIFs, while permitting large value funds for accredited investors a higher allowable concentration; for listed equity the applicable cap may be calculated on either investable funds or the scheme's net asset value, subject to conditions specified by the Board.
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Investment concentration limits for Category III AIFs revised, with higher threshold for large-value accredited-investor funds.
Amendment substitutes clause (d) of sub-regulation (1) of regulation 15 to restrict Category III AIFs to a capped share of investable funds in any single Investee Company, by direct investment or through units of other AIFs, while permitting large value funds for accredited investors a higher allowable concentration; for listed equity the applicable cap may be calculated on either investable funds or the scheme's net asset value, subject to conditions specified by the Board.
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