Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the definition of investment entity for the Specialist Fund Market?

April 26, 2017definition fund market specialist

0

Posted

What is the definition of investment entity for the Specialist Fund Market?

1 Answer

0

Posted

It is a requirement for admission to trading on the Specialist Fund Market that funds are of the closed-ended type and submit an EU Prospectus Directive-compliant document that satisfies Annex XV building blocks (as specified in the EU Prospectus Regulation). The Specialist Fund Market is designed to offer flexibility in considering structures and security types suitable for funds operating in the alternative fund management arena, and so we do not issue a more specific definition of what constitutes an ‘investment entity’ for Specialist Fund Market purposes. However, advisers and potential issuers are encouraged to discuss particular propositions with us at an early stage to verify their suitability.