Development promotion funds

(1) Development promotion funds may be established as open-ended domestic special AIF under Division 2, Subdivisions 1, 2, and 4, or as closed-ended domestic special AIF under Division 3.
(2) The AIF capital management company may, in the course of collective asset management, assume guarantees, sureties, and other warranties for others for development promotion funds, where it has an organisational structure and procedures appropriate to these transactions and their scale, and in particular provides for clearly defined and appropriate procedures for assuming guarantees, sureties, and other warranties for others.
(3) The AIF capital management company must determine, in advance, for each asset of the development promotion fund, procedures for measuring the extent to which the asset has concrete positive impact potential for achieving the Sustainable Development Goals under the resolution of the United Nations General Assembly of 25 September 2015, in countries that are, at the time the AIF is established, included in the list of developing countries and territories maintained by the Development Assistance Committee of the Organisation for Economic Co-operation and Development, or are added to that list of countries during the term of the fund. The AIF capital management company must ensure that these procedures are clear and transparent and, in accordance with Principle 4 of the Operating Principles for Impact Management, allow an advance assessment and, where possible, a quantification of the concrete positive impact potential. Section 292b remains unaffected.