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    • Placement agent

      A placement agent is an entity that acts as agent on behalf of the operator or fund manager in placing units of the CIU. All banks, category 1, 2 and 4 investment firms can act as placement agents.

      Amended: April 2022

    • Private investment undertakings (PIU)

      Private Investment Undertakings are defined as CIUs that are privately placed to only ultra-high net worth investors.

      Amended: April 2022