Unrelated investors
[Refer: Basis for Conclusions paragraphs BC261 and BC262]
B85T
Typically, an investment entity has several investors that are not related parties
(as defined in IAS 24) of the entity or other members of the group containing the
entity. Having unrelated investors would make it less likely that the entity, or
other members of the group containing the entity, would obtain benefits other
than capital appreciation or investment income (see paragraph B85I).
B85U
However, an entity may still qualify as an investment entity even though its
investors are related to the entity. For example, an investment entity may set up
a separate ‘parallel’ fund for a group of its employees (such as key management
personnel) or other related party investor(s), which mirrors the investments of
the entity’s main investment fund.
This ‘parallel’ fund may qualify as an
investment entity even though all of its investors are related parties.
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