Regulation 3 Amendment of regulation 69C

After paragraph (3) of regulation 69C (key concepts) insert—

“(4)

In this Part, a “dedicated feeder fund” in relation to a property AIF means a fund which—

(a)

is a unit trust scheme;

(b)

is dedicated to investment in the property AIF for which it is a feeder fund (in accordance with its prospectus); and

(c)

holds at least 85% of its assets in the form of shares in that property AIF.”.