S.L. 370.2 Art. 6Exemption from risk spreading.

(1) The following collective investment schemes are hereby being exempted from the requirement to operate according to the principle of risk spreading:

(a) alternative investment funds marketed to professional investors;

(b) a collective investment scheme licensed as a professional investor fund targeting qualifying investors in terms of the Investment Services Rules;

(c) a collective investment scheme licensed as a professional investor fund targeting extraordinary investors in terms of the Investment Services Rules;

(d) a collective investment scheme established as a professional investor fund that has been included by the competent authority on the List of Notified PIFs in terms of the Investment Services Act (Notified CISs) Regulations.

(2) The competent authority may from time to time prescribe the requirements and conditions for granting such exemption in the Investment Services Rules.