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| | Introduction |
| | Part I: General rules |
| | Section 1: Retail Investor AIF restrictions |
| | i. General restrictions |
| | ii. Investment restrictions |
| | iii. Borrowing powers |
| | iv. Financial derivative instruments |
| | v. Efficient portfolio management |
| | vi. Constitutional documents |
| | vii. Valuation |
| | viii. Distinction between open-ended Retail Investor AIF and those which are open-ended with limited liquidity arrangements |
| | ix. Share classes |
| | x. Umbrella Retail Investor AIFs |
| | xi. Investment through subsidiary companies |
| | xii. Dealings by management company, general partner, depositary, AIFM, investment manager or by delegates or group companies of these |
| | xiii. Directed brokerage services and similar arrangements |
| | Appendix 1 Calculation of Global Exposure using the VaR methodology |
| | Section 2: Supervisory requirements |
| | i. General conditions |
| | ii. Offer period |
| | iii. Directors of Retail Investor AIF investment companies |
| | iv. Suspensions |
| | v. Replacement of depositary |
| | vi. Replacement of AIFM, management company, general partner or third party |
| | vii. Monthly and quarterly returns |
| | viii. Amalgamation of Retail Investor AIFs with other investment funds |
| | Section 3: Prospectus requirements |
| | i. General requirements |
| | ii. General information concerning the Retail Investor AIF |
| | iii. Investment policy |
| | iv. Investment in other investment funds |
| | v. Efficient portfolio management |
| | vi. Valuation |
| | vii. Remuneration and costs arising from underlying investments |
| | viii. Dealing |
| | ix. Information concerning a management company or general partner |
| | x. Information concerning investment managers and other service providers |
| | xi. Authorisation status |
| | xii. Risk disclosures |
| | xiii. Conflicts of interest |
| | xiv. Directed brokerage services and similar arrangements |
| | xv. Umbrella Retail Investor AIFs |
| | xvi. Structured Retail Investor AIFs |
| | xvii. Warehousing |
| | xviii. Distributions out of and charging of fees and expenses to capital |
| | xix. Hedged and unhedged Retail Investor AIF and share classes |
| | xx. Investment through subsidiaries |
| | Section 4: General operational requirements |
| | i. Dealing |
| | ii. Hedged share classes |
| | iii. Regulated markets |
| | iv. Directed brokerage services or similar arrangements |
| | Section 5: Annual and half-yearly reports |
| | i. Publication of annual and half-yearly reports |
| | ii. Information to be contained in the annual report |
| | iii. Information to be contained in the half-yearly report |
| | Part II: Specific Fund-type Requirements |
| | Section 1: Venture or development capital or private equity Retail Investor AIFs |
| | Section 2: Money market Retail Investor AIFs |
| | i. Short-Term Money Market Funds |
| | ii. Money Market Funds |
| | iii. Short-Term Money Market Funds - valuation on the basis of amortised cost |
| | iv. European Central Bank reporting requirements |
| | Section 3: Real Estate Retail Investor AIFs |
| | Section 4: Funds of unregulated funds Retail Investor AIFs |
| | Section 5: Retail Investor AIFs which invest more than 30% of net assets in another investment fund |
| | Section 6: Closed ended Retail Investor AIFs or open-ended Retail Investor AIFs with limited liquidity |
| | i. Closed-ended period |
| | ii. Liquidity |
| | iii. Changes to existing closed-ended Retail Investor AIFs |
| | Section 7: Guaranteed Retail Investor AIFs |
| | Section 8: Distributions out of and charging fees and expenses to capital |
| | Part III: Marketing of AIF to retail investors |
