This document outlines the regulatory and compliance framework for Southern Financial LLC's Master Fund and Feeder Funds. It details the authorization and regulatory status of the Master Fund Manager under the AIFM Directive in the UK, the investment risks associated with the interests, and the compliance with U.S. CFTC requirements. The document also explains the reliance on CFTC No-Action Relief for exemption from certain registration and disclosure requirements.
doj/DataSet10/EFTA01451496.pdf
{"document_type":"financial","key_locations":["United Kingdom","United States"],"document_subtype":"Investment Memorandum","key_organizations":["Southern Financial LLC","Financial Conduct Authority","Deutsche Bank AG","U.S. Commodity Futures Trading Commission"],"reference_numbers":["CFTC No-Action Letter No. 12-38","CFTC Rule 4.14(a)(5)"]}