of any restrictions, sharing holding shall not be less than 40% of the voting rights). A Trust for high net-worth investors vs retail investors Key provisions in the regulations governing Infra
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five years (only those offered at a low price) In case of a possible low dilution effect: Means offers for sale in other cases which do not create possible high dilution effect Summary of ESOP
are not standard transactions with an amount which is too high in comparison to the company's size. Evaluate the sufficiency of the internal control system at least once a year. Qualifications of
asset is generating or expected to generate revenue of not lower than 80% of the total income of the aggregate entity. Investment categories An IFF can choose to invest in following categories as
compliance with the provisions of the Notification on Investment. In applying for establishing a mutual fund for accredited investors (AI Fund), the mutual fund management company shall not specify the
Investors (PP-10) Private Placement to Institutional Investors (II) Private Placement to High Net Worth Investors (HNW) Public Offering (PO) Approval Qualifications and approval rules
under its responsibility Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors Oversee to ensure that the trust is not becoming a private trust