The fund may not be advertised as a guaranteed fund unless there is a specifically enforceable guarantee between the fund and the legal independent third party of substance for the benefit of the unit holder.\u00a0 Material provisions must be disclosed in the prospectus.<\/p>\n
A guarantee must be properly evidenced.\u00a0 Details of the guarantee must be provided to the Central Bank in advance.\u00a0 Certain connected parties may not act as guarantors. The guarantor must be a credit institution with a minimum paid up capital authorised in the EU or certain third countries.\u00a0 Details of the guarantor and the nature of the guarantee must be described in prominent positions in the prospectus.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Funds AIFs and qualifying investor AIFs may be established as unit trusts, designated investment companies under the Companies Act 1990, Investment limited partnerships under the Investment Limited Partnership Act 1994 or common contractual funds under the Investment Funds Act 2005. The conditions for approval of AIFs are set out in the AIF rulebook, which supersedes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[167],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12848"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=12848"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12848\/revisions"}],"predecessor-version":[{"id":31889,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12848\/revisions\/31889"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=12848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=12848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=12848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}