equivalence to that of the EU Member States , or iii. an independent audit regulator of a country that has been assessed under the Financia Stability Assessment Program (FSAP) and
system are recognized by the European Commission as equivalence to that of the EU Member States , or iii. an independent audit regulator of a country that has been assessed under the
or cash-equivalence. The number of units allocated to any persons or a group of the associated persons shall not be over 50% of the units sold. Information disclosure and advertisement Compliance with
-recourse type of debt. Fund unit holding An individual or a group of associated persons shall not hold more than one third to the total units*. An IFF may issue a variety of unit classes (multi-tranche
-recourse type of debt. Fund unit holding An individual or a group of associated persons shall not hold more than one third to the total units*. An IFF may issue a variety of unit classes (multi-tranche