CIR 13.1A Guidance
See CIR Rule 3.1.3 for the definition of a
Fund of Funds.
CIR 13.1.1A(1) A
Fundmanager of a Fund of Fundsmay not invest in:(a) another Fund of Funds;(b) a Feeder Fund;(c) any Fundwhich is dedicated to investment in a number of Funds;(d) any Fundwhich is dedicated to investment in a single Fundor in a single investment trust; and(e) any Sub-Fundof an Umbrella Fundor Sub-Fundof any other Fundwhich is equivalent to a Fundwithin (a) to (d).(2) Not more than 25% in value of the Fund Propertyis to consist of Unitsin anyone Fund.(3) For the purpose of (1) and (2), each Sub-Fundof an Umbrella Fundand of an equivalent Fundis to be treated as if it were a separate Fund.