2. The Qualifying Investor AIF shall not issue units, or if issued shall cancel such units, unless the equivalent of the net issue price is paid into the assets of the Qualifying Investor AIF within a reasonable time, which is specified in the prospectus. This shall not preclude the distribution of bonus units.
3. A Qualifying Investor AIF may only retain 10% or less of redemption proceeds where this reflects the redemption policy of the underlying investment fund(s) and until such time as the full redemption proceeds from the underlying investment fund(s) is received.