All of the Financial Regulator's investment and borrowing restrictions are automatically derogated from for a QIF. To qualify as a QIF, the minimum subscription is EUR 250,000. In addition the investor must be either:

(i) a person with a minimum net worth in excess of EUR 1,250,000 excluding main residence and household goods or

(ii) an institution (a) which owns or invests on a discretionary basis at least EUR 25 million or its equivalent in other currencies or (b) the beneficial owners of which are qualifying investors in their own right.

The qualifying investor is required to certify itself as such on the application form for investment in the fund. The Financial Regulator Notice NU 24 deals with QIF funds.