Regulatory Alerts1996-01-01
Resolution No. 046 of 1996 on the Establishment of Direct Investment Funds
The Financial Regulatory Authority issued Resolution 046 of 1996 to formally introduce Direct Investment Funds as a new regulatory category within the national investment framework. This directive mandates the establishment of specific operational, governance, and disclosure standards tailored to funds that directly allocate capital into underlying assets rather than traditional pooled securities. Market participants must align their fund structures and reporting mechanisms with these newly defined parameters to ensure compliance and facilitate regulated direct capital deployment.
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