1. The Retail Investor AIF, which invests in venture or development capital or private equity investments, is subject to the following rules in addition to the general rules for all Retail Investor AIFs:
(a) the title of the Retail Investor AIF must make clear that the Retail Investor AIF is a venture or development capital or private equity investment fund; and
(b) the venture capital or development capital or private equity investments of the Retail Investor AIF must be diversified such that no more than 30% of net assets are held in any one company or group of companies. The provisions of paragraphs 4 and 5 of section 1.ii (Investment restrictions) of Part I do not apply to these investments. The Retail Investor AIF may derogate from this restriction for one year following the date of its launch provided it observes the principle of risk spreading.
2. The Retail Investor AIF, which invests in venture or development capital or private equity investments, shall specify, in its prospec
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