Article 12(c): Additional Duties Specific to the Public Financing Fund Manager
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
(c) The aspects relating to the investment decision-making mechanism with financing companies, where indirect financing activities are carried out through co-investment with such financing companies. The Board of Directors of the Fund shall ensure the completeness and accuracy of the aspects set out in subparagraphs (a), (b), and (c) of this paragraph.
5) In the case of a public Indirect Financing Fund, where the fund manager intends to invest through the acquisition of financing portfolios, the terms and conditions shall disclose the acquisition policy and criteria, including at a minimum the following information:
(a) The average number of days of default in the financing portfolio intended to be acquired.
(b) The sectors in which the actual or potential beneficiaries of the financing portfolio intended to be acquired operate, and the exposure percentage to each sector.
(c) The period elapsed since the financing was granted to the beneficiaries in the financing portfolio intended to be acquired, provided that such period shall not be less than six months.
b) In the case of a traded financing fund, the fund manager shall immediately disclose any default by a beneficiary.
Text read on · b8e166210587
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
Cited on the platform
Counts only: the platform's own baseline limits and catalogued duties that cite this reference. No firm's rulebook appears here.
- Baseline limits
- 00 verified
- Duties
- 00 verified
Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Instructions on the Financing of Investment Funds (English)Edition current
- Last read
- first read
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. The text of each article is the Authority's, reproduced with attribution and a link to the source.