Regulatory Alerts2021-11-10
Minimum Investment Periods for Investment in CIS Unlisted Securities
The regulator issued guideline CIS.S.4.5 to establish minimum investment periods for unlisted securities held within Collective Investment Schemes (CIS). The rule mandates that fund managers maintain specified holding durations for unlisted asset allocations, thereby reducing short-term liquidity pressures and aligning investor commitments with the illiquid nature of these assets. Updated on October 28, 2024, the guideline provides clear compliance benchmarks for calculating and reporting these minimum periods across diverse unlisted security categories.
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