n NISM Certifications
X NISM Series X
Medium

A material change in an AIF, such as a change in hurdle rate or control, which could adversely affect investors, may require the fund to offer exit options to investors as mandated by regulations.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A change in the hurdle rate

  2. B

    An internal restructuring in the sponsor group

  3. C

    Any change in control of sponsor or manager

  4. A and C

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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