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II - Investment products
II. 1 - Collective investment schemes (CISs)
II. 1.3. Specific provisions applicable to CISs open to all subscribers
II. 1.3.3. Specific provisions applicable to Funds open to professional investors
Procedures for making disclosures and introducing changes, preparation of a prospectus and reporting for specialised professional funds, professional private equity investment funds and specialised financing vehicles
  • Applicable from 22 April 2024
  • Instruction DOC-2012-06

Procedures for making disclosures and introducing changes, preparation of a prospectus and reporting for specialised professional funds, professional private equity investment funds and specialised financing vehicles

Document

Summary

AIF's declared open to professional investors that are specialist professional funds and professional private equity funds are subject to specific rules that relate to, in particular, reporting procedures (creation and changes during the life of the fund), procedures for disclosing information to holders and shareholders when making changes during the life of the fund and writing a prospectus and periodic disclosures. Instruction DOC-2012-06 also clarifies details of transitional provisions applicable to certain funds closed to subscription.

Reference texts