Luxembourg Regulated Investment Vehicles - Alfi

13SIF SICAR Securitization vehicle – regulatedClosed-endedA prospectus prepared in compliancewith the requirements of the ProspectusDirective must be prepared whenan “offer to the public” within themeaning of the Prospectus Directive ismade except if the offer falls under anyexemption of the Prospectus Directive.In that case, a prospectus must beprepared in accordance with the SIF law.A prospectus prepared in compliancewith the requirements of theProspectus Directive must be preparedwhen an “offer to the public” withinthe meaning of the ProspectusDirective is made except if the offerfalls under any exemption of theProspectus Directive.A prospectus prepared in compliancewith the requirements of the ProspectusDirective must be prepared whenan “offer to the public” within themeaning of the Prospectus Directive ismade except if the offer falls under anyexemption of the Prospectus Directive.Open-endedSIF may make a public offer on thebasis of their prospectus prepared inaccordance with the requirements ofthe SIF law.This prospectus must be up-to-datewhen new securities are issued to newinvestors.A SICAR that makes an offer underan exemption of the prospectusDirective must prepare a prospectuscompliant with the SICAR law.This prospectus must be updated eachtime new securities are issued.There are no specific requirementswhen an offer falls under an exemptionof the Prospectus Directive.Not required Not required Not requiredNAV is computed on the frequencyset in the Articles or ManagementRegulations.Not requiredSecuritization fundNot requiredSecuritization companyNot required