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Version date: 11 March 2024 - onwards
Version 9 of 9

iii. Due diligence by investors

1. Where the AIFM intends to provide access to its records / staff to any investor for the purposes of a due diligence process, it must ensure that such access has been made available on a non-discriminatory basis to all unitholders. Such access must not be structured so as to materially misrepresent the business of the loan originating Qualifying Investor AIF. The AIFM shall ensure that a single person within senior management is designated with responsibility to ensure that the access given has been non-discriminatory. This person must be satisfied that a reasonable person relying on the access provided would not be influenced to invest in the loan originating Qualifying Investor AIF because of lack of access to information. The AIFM shall not intentionally or negligently conceal or fail to disclose information that a reasonable person would be likely to have considered material in considering an investment in the loan originating Qualifying Investor AIF.