CITM3040 - Investment by CDFI: Investments which are not relevant investments
SI2003/96 Schedule 1
Accreditation as a Community Development Finance Institution
(CDFI) is conditional on the accredited body investing specified
proportions of its ‘investment fund’ within defined
time limits in ‘relevant investments’ in
‘qualifying enterprises’ (see
CITM3005).
The meaning of relevant investments is described at
CITM3030.
But certain kinds of investment are specifically excluded
from being relevant investments. These excluded investments are
listed at SI2003/96 Schedule 1 and fall into the following
categories:
| CITM3050 | investments that are protected by publicly-funded guarantees |
| CITM3060 | certain loans to profit-distributing enterprises |
| CITM3065 | equity investments in profit-distributing enterprises |
| CITM3070 | certain investments in non-profit-distributing enterprises |
| CITM3080 | investments that exceed 20% of the CDFI’s investment fund |
| CITM3020 | excessive investment in enterprises within Case 2 of SI2003/96 Regulation 10 |
| CITM3090 | certain investments in property |
| CITM3100 | excessive investment by retail CDFIs in other CDFIs or similar bodies |
| CITM3110 | excessive investment by wholesale CDFIs in other CDFIs or similar bodies |
