According to p.2.2. of the AIFC Collective Investment Scheme Rules, HORIZON OEIC LTD, as an Exempt Fund, is a Collective Investment Scheme, the Units of which are offered in the AIFC only by way of a private placement:
- to Persons who are Professional Clients and
- in minimum initial subscription amounts of US$ 50,000.
As defined in the AFSA Legal Framework (COB 2.3.1) may classify a Person as a Professional Client if that Person:
- (a) meets the requirements to be a Deemed Professional Client; or
- (b) meets the requirements to be an Assessed Professional Client, in accordance with COB 2.5.1 or 2.5.5, provided that Person has not been classified as a Retail Client in accordance with COB 2.6.