Regulatory Alerts2018-07-15
Passporting Rules
The relevant Regulator issues these rules to require domestic fund managers, agents, and licensed persons to register eligible funds as Passported Funds for cross-jurisdictional promotion. Fund managers must submit standardized notifications containing offering documents, disclaimers, and applicable fees, triggering a five-day transmission to host regulators for register updates. Private funds are restricted to qualified investors with minimum $50,000 subscriptions, while public funds may target retail and qualified investors, with compliance monitoring allowing for name restrictions or deregistration upon material changes.
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