Options
-
True
Correct answer
- B
False
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X NISM Series X
Medium
#NISM XIX A for AIF Distributors
Fund documents such as the Limited Partnership Agreement or Private Placement Memorandum can be amended during the life of the AIF if proper procedures, including investor consent or regulatory approval, are followed, making it possible to adapt to changing circumstances.
Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.