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    <description>Fund-management terminology establishes the core legal architecture for fund management entities operating in an IFSC. Investor and scheme classifications distinguish accredited investors, retail schemes, restricted schemes, venture capital schemes, family investment funds, fund of funds schemes, index schemes, sectoral schemes and thematic schemes. Control includes rights to appoint a majority of directors or direct management or policy decisions, including through shareholding, management rights or contractual arrangements. Offer documents govern public invitations for retail schemes, while placement memoranda govern invitations to eligible investors for venture capital schemes, restricted schemes and private placements.</description>
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