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    <title>Portfolio Management Services for Accredited Investors</title>
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    <description>The circular confirms that &quot;accredited investor&quot; adopts the AIF Regulations&#039; definition and provides that for &quot;large value accredited investors&quot; the quantum and manner of exit load shall be governed by bilaterally negotiated contractual terms between client and portfolio manager, rendering para 3(iv) of the February 13, 2020 Circular inapplicable to such clients while other provisions remain unchanged.</description>
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      <description>The circular confirms that &quot;accredited investor&quot; adopts the AIF Regulations&#039; definition and provides that for &quot;large value accredited investors&quot; the quantum and manner of exit load shall be governed by bilaterally negotiated contractual terms between client and portfolio manager, rendering para 3(iv) of the February 13, 2020 Circular inapplicable to such clients while other provisions remain unchanged.</description>
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