This document discusses the criteria for determining whether a counterparty has a defined investment policy and whether certain exemptions apply to classify the counterparty as not being an Alternative Investment Fund (AIF). It outlines factors that indicate a defined investment policy and lists exemptions such as being a UCITS fund, a German closed-end AIF, a Holding Company, or a Securitization Special Purpose Vehicle.
documents/vol00010-efta01363155-pdf.pdf
{"document_type":"correspondence","document_subtype":"memo","reference_numbers":["DB-SDNY-0053053","SDNY_GM_00199237","EFTA01363155"]}