Qualified investors

Qualified or institutional investors

Such investors include:

a) Regulated financial intermediaries such as banks, securities traders, fund management companies, and managers of collective investments
b) Regulated insurance institutions
c) Public-sector bodies and pension funds with a professional treasury department
d) Companies with a professional treasury department.

The “professional treasury” criterion is deemed satisfied if the investor has appointed at least one trained individual with financial-sector expertise to manage his funds on a permanent basis.