المادة 83(b): Private Placement Requirements

b. If having received a private placement notification and the relevant information and documents provided under Paragraph (a) of this Article the Authority considers that the proposed offer of units may not be commensurate with the fund manager’s ability or may result in a breach of the Capital Market Law or its Implementing Regulations, then it may take the following actions:

1) carry out any enquiries which it considered appropriate including requiring the concerned person or its representative to appear before the Authority to answer the questions of the Authority and to explain any matters that the Authority considers relevant to the private placement offering; or

2) require the concerned person or others to provide additional information or to confirm, in such manner as the Authority may specify, that the information provided is accurate.