The prospectus must disclose the initial offer period.\u00a0 It must set out procedures, conditions for repurchase and redemption including the period within which redemption proceeds will normally be paid or discharged.\u00a0 Where the fund is an open-ended fund with limited liquidity, it must specify the limited nature of the redemption facilities.<\/p>\n
Detailed information is required in relation to the management companies\/general partners.\u00a0 This includes details of names and positions in the management company or partner of the members of the administrative management and supervisory functions, their experience current and past which is relevant to the fund and details of main activities outside the fund.<\/p>\n
Details of service providers, including provisions of material contracts and remunerations.<\/p>\n
The authorisation status must be prominently specified in the prospectus.\u00a0 In particular, it must specify that while the fund is authorised by the Central Bank, the Central Bank has not set limits or restrictions on its investment objectives, investment policies or the degree of leverage which may be employed. \u00a0It is to state that authorisation is not an endorsement or guarantee of the fund by the Central Bank.<\/p>\n
The prospectus must set out a description of potential conflicts and how they are going to be resolved.\u00a0 Prospective soft commission arrangements must be set out.\u00a0 Transaction with the general partner management company, depository etc. or its delegates will only be entered where it is disclosed and set out fully in the fund prospectus.<\/p>\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Subscription Conditions A Qualifying Investor AIF shall have a minimum subscription of \u20ac100,000 or other equivalent in another currency.\u00a0 It shall not accept subscriptions from persons or groups amounts of less than this for individual investors. The fund may only accept subscriptions from investors whois\u00a0 a professional clients within the meaning of the MiFID Directive; […]<\/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\/12855"}],"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=12855"}],"version-history":[{"count":4,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12855\/revisions"}],"predecessor-version":[{"id":31879,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12855\/revisions\/31879"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=12855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=12855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=12855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}