المادة 12(a): Additional Duties Specific to the Public Financing Fund Manager

a) In addition to the requirements of the terms and conditions of a public investment fund under the investment funds regulations, the terms and conditions of the public financing fund shall include the following:

1) The terms and conditions shall disclose whether the financing is concentrated in a specific industry or sector, and shall specify the minimum and maximum percentages of the targeted financing to be granted to such industry or sector out of the total financing granted.

2) In the case of a public direct financing fund, the terms and conditions shall disclose the collection provisions and procedures. The Board of Directors of the fund shall ensure the completeness and accuracy of such provisions and procedures.

3) In the case of a public Direct Financing Fund, the terms and conditions shall disclose the aspects relating to granting credit. The Board of Directors of the Fund shall ensure the completeness and accuracy of such aspects.

4) In the case of a public indirect financing fund, the terms and conditions shall disclose the following:

(a) The aspects relating to the evaluation of financing portfolios intended to be acquired, where indirect financing activities are carried out through the acquisition of such financing portfolios.