FUNDS 3.4 The different types of Domestic Funds
This table illustrates the different Rules applicable to the three categories of Domestic Fund.
| The Fund Rules Chapters | Public Fund | Exempt Fund | QIF |
| Chapter 1: Application and Client Classification | ✓ | ✓ | ✓ |
| Chapter 2: Arrangements Not Constituting a Fund | ✓ | ✓ | ✓ |
| Chapter 3: Fund Criteria | ✓ | ✓ | ✓ |
| Chapter 4: Specialist Classes of Funds | ✓ | ✓ | ✓ |
| Chapter 5: Excluded Offers | ✓ | ✓ | ✓ |
| Chapter 6: Domestic Funds | ✓ Rule 6.2 does not apply |
✓ Rule 6.1 does not apply |
✓ Rule 6.1 does not apply |
| Chapter 7: Foreign Funds and Foreign Fund Managers | ✓ | ✓ | ✓ |
| Chapter 8: Regulator Notification | ✓ | ✓ | ✓ |
| Chapter 9: Marketing of Domestic Funds and Prospectus Disclosure | ✓ Rules 9.5.2 and 9.5.4 do not apply |
✓ Rules 9.5.1 and 9.5.3 do not apply |
✓ Only Rules 9.1.1, 9.2, 9.3, 9.4.1, 9.4.2, 9.5.2, 9.5.4, 9.6.1, 9.7 & 9.8 apply |
| Chapter 10: Marketing of Foreign Funds and Prospectus Disclosure | ✓ | ✓ | ✓ |
| Chapter 11: Constitution | ✓ | ✓ | ✓ Only Rules 11.1.1, 11.1.2(1)(a), 11.1.2(1)(c), 11.1.2(1)( d), 11.1.2(1)(e), 11.1.3(1)(b), 11.1.3(2) and 11.1.5 apply |
| Chapter 12: Management and Operation of a Fund | ✓ | ✓ | ✓ Only Rules 12.1, 12.2, 12.3.1, 12.3.2, 12.3.3, 12.3.4, 12.3.5, 12.3.6, 12.3.7(b), 12.3.8, 12.3.9, 12.3.10, 12.3.12(1), 12.4.1 (b) and 12.10.1 and the Guidance to Rule 12.12.2 apply |
| Chapter 13: Requirements Specific to Public Funds | ✓ | ||
| Chapter 14: Requirements Specific to Exempt Funds | ✓ | ||
| Chapter 15: Requirements Specific to Qualified Investor Funds | ✓ | ||
| Chapter 16: Accounting, Audit and Periodic Reporting of a Fund | ✓ | ✓ A comparative table as set out in Rule 16.4.8 for the annual report is not required. Rules 16.3.8 and 16.4.5(a) need not be complied with if a waiver is obtained pursuant to Rule 16.3.9 |
✓ Rules on interim reports do not apply unless there has been a material change during the interim accounting period. A comparative table for the annual report is not required Rules 16.3.8 and 16.4.5(a) need not be complied with if a waiver is obtained pursuant to Rule 16.3.9 |
| Chapter 17: Fund Administrators | ✓ | ✓ | ✓ Rule 17.1.4 does not apply |
| Chapter 18: Transfer Schemes Relating to Domestic Funds | ✓ | ✓ | ✓ |
| Chapter 19: Winding Up of Domestic Funds | ✓ | ✓ | ✓ |
| APP 1: Delegation and Outsourcing | ✓ | ✓ | |
| APP 2: Meeting Procedures | ✓ | ||
| APP 3: Approvals and Notifications | ✓ | ||
| APP 4: Guidance on Asset Valuation and Pricing | ✓ | ✓ | |
| APP 5: Constitution of a Domestic Fund | ✓ | ✓ | |
| APP 6: Guidance of Fitness and Propriety for Oversight Functions | ✓ | ||
| APP 7: Public Fund Prospectus Disclosure | ✓ | ||
| APP 8: Recognised Jurisdiction List | ✓ | ✓ | ✓ |