S.L. 370.34 Art. 8Target investor base.

(1) Notified AIFs shall only be marketed to professional investors and, or qualifying investors.

(2) Where the AIFM intends to market the Notified AIF on a cross-border basis under the Investment Services Act (Marketing of Alternative Investment Funds) Regulations, the Notified AIF shall be marketed to professional investors or as otherwise permitted in the applicable jurisdiction where the AIFM is marketing the AIF.

(3) For the better carrying out of the provisions of these regulations, the competent authority may issue and publish Investment Services Rules laying down the investor eligibility criteria.