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What investor protections apply to general private funds sold to retail investors?

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Since the October 2021 reform, funds sold to retail investors require delivery of a key product description, delivery of asset management reports, external audits, and monitoring of fund management by distributors and custodians.

Under Article 249-4 of the FSCMA, distributors must also confirm that investors are qualified.

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Answers are general information, not investment advice. Past performance does not guarantee future returns, and collective investment securities are not deposit-insured.