The valuation of an AIF's assets for a common fund is determined by what?
Explanation
This question tests the understanding of how valuation rules differ based on the legal structure of the AIF, specifically for common funds.
Other questions
According to the AIFM Law, which of the following best describes an Alternative Investment Fund (AIF)?
What is the initial capital requirement that applies only to an AIF with internal management?
What is the minimum amount of assets that all AIFs are obligated to retain?
The governing body of an internally managed AIF must consist of at least how many natural persons?
Under what condition must an AIF's assets be valued by an independent expert?
The scope of the AIFM Law includes AIFMs that manage AIF portfolios whose assets exceed what total limit, including leverage data?
What is the minimum initial capital requirement for an externally managed AIFM?
If an AIFM's portfolio value exceeds EUR 250 million, how is the additional capital requirement calculated?
Under the AIFM Law, when can an AIFM that has been granted authorisation start managing AIFs?
According to the general principles for AIFMs, what must an AIFM do if a conflict of interest cannot be avoided?
What is a key requirement for an AIFM's remuneration policy?
What is the minimum percentage of variable remuneration for AIFM staff that must be deferred?
An AIFM's risk management department must be functionally segregated from which other units?
For which type of AIF is the AIFM NOT required to employ a liquidity management system?
Within how many months following the end of the financial year must an AIFM prepare an annual report for each EU AIF it manages?
Which of the following must be disclosed to investors PRIOR to their investing in an AIF?
The AIFM is required to establish a permanent and effective compliance function that is calibrated to the AIFM's:
Who is ultimately responsible for the proper valuation of an AIF's assets, even when an external valuer is appointed?
An appointed external valuer is prohibited from doing what?
Who has the authority to allow an AIFM to market units of an AIF to retail investors in the Republic?
What is the minimum frequency for the calculation of an AIF's Net Asset Value (NAV) per unit?
The AIFM Law applies to AIFMs managing portfolios of unleveraged AIFs whose assets exceed what total limit, assuming investors have no redemption rights in the first 5 years?
What is the maximum amount of additional capital that can be required from an AIFM whose portfolio value exceeds EUR 250 million?
Under what circumstance may an AIFM's authorisation be withdrawn by CySEC?
Guaranteed variable remuneration for AIFM staff is permitted under what condition?
Which of the following functions must every AIFM engage in when managing an AIF?
When an AIFM uses the services of a prime broker, who must be informed of the contract?
What is the maximum fine that CySEC may impose for an infringement committed by a suspended AIFM?
Which of these is NOT listed as a legal form for an AIF in the Republic?
An AIFM's own funds must be invested in which type of assets?
If an AIFM's remuneration committee is established, its members and chair must be members of what body?
What is the primary purpose of the due diligence process an AIFM must implement when investing on behalf of an AIF?
AIFMs must regularly report to CySEC on the principal markets and instruments in which they trade. This information includes:
An internally managed AIFM cannot manage which type of investment vehicle?
If an AIFM's authorisation is partially suspended in relation to portfolio management, what other services will CySEC also suspend?
Up to what percentage of an AIFM's additional capital (above the initial EUR 125,000/300,000) may be provided in the form of a guarantee?
Which party cannot undertake the valuation task for an AIF unless it has functionally and hierarchically separated the performance of its depositary functions?
If a UCITS management company applies for authorisation as an AIFM, CySEC will not request information or documents that:
An external AIFM may be authorised to provide non-core services such as investment advice, but NOT if it provides:
When will CySEC refuse an AIFM authorisation if it is controlled by a person that also controls another institution authorised in another member state?
What is the maximum percentage of a variable remuneration payment that may consist of shares in the AIF or similar instruments?
An AIFM that is also authorised for discretionary portfolio management services must not invest a client's portfolio in its own managed AIFs without what?
An AIF's annual and half-yearly reports need to disclose any remuneration or commissions paid to which parties for each transaction?
Which of the following is NOT a required disclosure to investors prior to investment in an AIF?
What is the minimum deferral period for the variable remuneration component of AIFM staff?
What is the primary characteristic of an AIFM's risk management system?
AIFMs that employ leverage on a substantial basis need to provide CySEC with a breakdown between leverage from borrowing and leverage embedded in what?
For AIFs that constitute multiple investment compartments (umbrella AIFs), what is the requirement regarding minimum assets?
What is the consequence if a manager of an AIF investing in other collective investment schemes is the same as or connected to the manager of the underlying schemes?