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    <title>Revised Directions on Investment by Regulated Entities in Alternate Investment Funds – Draft for Comments</title>
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    <description>Revised directions cap a single regulated entity&#039;s investment in any AIF scheme at 10 percent and a collective ceiling of 15 percent; investments up to 5 percent are unrestricted. If an entity&#039;s investment exceeds 5 percent and the AIF holds downstream debt in a debtor company of that entity (excluding equity and specified convertibles), the entity must make 100 percent provisioning for its proportionate exposure. Exemptions for strategic AIFs may be granted; directions apply prospectively.</description>
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      <link>https://www.taxtmi.com/news?id=44187</link>
      <description>Revised directions cap a single regulated entity&#039;s investment in any AIF scheme at 10 percent and a collective ceiling of 15 percent; investments up to 5 percent are unrestricted. If an entity&#039;s investment exceeds 5 percent and the AIF holds downstream debt in a debtor company of that entity (excluding equity and specified convertibles), the entity must make 100 percent provisioning for its proportionate exposure. Exemptions for strategic AIFs may be granted; directions apply prospectively.</description>
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