CITM3080 - Investment by community development finance institutions (CDFIs): Investments exceeding 20% of qualifying investment
SI2003/96 Schedule 1(5)
An investment by a CDFI is not a relevant investment for the purposes of SI2003/96 Regulation 8 (see CITM3030) while (if and for so long as) the amount invested in that enterprise as a consequence of that investment exceeds 20% of the amount of the CDFI바카라 사이트™s investment fund (see CITM3010) at the anniversary of the accreditation date that immediately precedes the investment date.
For investments made during the first year following accreditation the 20% limit operates by reference to the amount of the investment fund at the time the investment by the CDFI is made.