Share class features of closed-ended QIAFS

Guidance

Guidance addresses operational matters for closed-ended QIAIFs (“CE QIAIFs”) and the application of certain provisions of the AIF Rulebook to those CE QIAIFs. The Guidance applies only to closed-ended Qualifying Investor AIFs (“CE QIAIF”) which typically invest in illiquid assets.

Issued: 2 February 2021