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  • Expert CIUs

    • CIU-B.5.3

      Expert CIUs are CIUs that may be offered only to expert investors, and impose a minimum initial investment of USD 10,000 (or equivalent in foreign currency).

    • CIU-B.5.4

      Expert CIUs are subject to less restrictive requirements than retail CIUs: specifically, expert CIUs have greater investment flexibility, notably in terms of asset classes and risk concentration limits. They therefore potentially offer higher risks and are therefore only suitable for expert investors, who are better able to assess those risks than less sophisticated investors.

    • CIU-B.5.5

      The minimum initial investment requirement specified in Rule CIU-B.5.3 means that the first payment made by an investor into the CIU must be at least USD 10,000 (or its equivalent in foreign currency). Subsequent investments may be for smaller amounts.

    • CIU-B.5.6

      Expert investors are:

      (a) Individuals holding financial assets (either singly or jointly with their spouse) of USD 100,000 or more;
      (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 100,000; or
      (c) Governments, supranational organisations, central banks or other national monetary authorities, local authorities and state organisations.
      Amended: July 2007