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