1. The loan originating Qualifying Investor AIF must not have gross assets of more than 200% of net asset value, or such other limit as may be set by the Central Bank from time to time for loan originating AIF or for one or more class of loan originating AIF.
2. In the event that the loan originating Qualifying Investor AIF breaches the limit set out in paragraph 1 of this section, the loan originating Qualifying Investor AIF must, within 30 days or such longer period as the Central Bank may specify, secure the approval of the Central Bank for a formal plan to bring the loan originating Qualifying Investor AIF into compliance with the leverage ratio.