BC255 The Board identified several 'typical characteristics' of an investment entity. The Board decided that these typical characteristics could be used to help an entity decide if it meets the definition of an investment entity. The absence of any of these typical characteristics may indicate that an entity does not meet the definition of an investment entity. However, an entity that does not display all of these typical characteristics could, nevertheless, meet the definition of an investment entity.

BC256 The Board identified the following typical characteristics of an investment entity:

(a) more than one investment (paragraphs BC257-BC258);

(b) more than one investor (paragraphs BC259-BC260);

(c) unrelated investors (paragraphs BC261-BC262); and

(d) ownership interests (paragraphs BC263-BC267).

More than one investment