Rules & Policies
The operational rules and policies that govern Aeternum Syndicate. All members are bound by these rules upon joining.
Important
These rules are binding. Violation may result in penalties or removal from the syndicate. Please read carefully before making any contributions.
Membership Rules
Eligibility
Membership is open to individuals aged 18 and above who can provide valid identification and meet KYC requirements.
Minimum Contribution
The minimum initial contribution is ₦100,000. Subsequent contributions must be at least ₦50,000.
Member Obligations
Members must keep their contact information current, respond to official communications within 14 days, and participate in voting when required.
Confidentiality
Members shall not disclose fund strategies, asset locations, or other proprietary information to non-members without prior written consent.
Contribution Rules
Subscription Windows
Contributions are accepted during quarterly subscription windows (January, April, July, October). The window is open for the first 14 days of each quarter.
Unit Pricing
Units are priced at the NAV per unit calculated at market close on the last business day before the subscription window opens.
Payment Terms
Contributions must be received within 7 days of subscription. Failed or reversed payments will result in cancellation of the subscription.
No Refunds
Once units are issued, contributions cannot be refunded. Members wishing to exit must use the redemption process.
Redemption Rules
Lock-up Period
Members cannot redeem units within the first 24 months of their initial contribution (the lock-up period).
Redemption Windows
After the lock-up period, redemptions are processed during semi-annual liquidity windows (June and December).
Notice Requirement
Members must provide 60 days written notice before a redemption window to be included in that cycle.
Redemption Limits
The fund may limit total redemptions to 10% of NAV per window if liquidity is constrained. Excess requests are queued for the next window.
Do's and Don'ts
Do
- ✓Keep your contact information updated
- ✓Participate in member votes and decisions
- ✓Review quarterly reports and statements
- ✓Report suspicious activity to administrators
- ✓Plan contributions around subscription windows
Don't
- ✗Share fund information with non-members
- ✗Transfer units without proper authorization
- ✗Use fund assets as collateral for personal loans
- ✗Misrepresent your ownership stake to third parties
- ✗Expect guaranteed returns (all investments carry risk)
Enforcement & Penalties
Violations of these rules are handled by the Governance Committee. Depending on severity, penalties may include:
- Warning: First-time minor violations
- Suspension: Temporary loss of voting rights
- Forced Redemption: Mandatory exit from the fund at current NAV
- Legal Action: For fraud, theft, or material breach
Members have the right to appeal decisions within 30 days. Appeals are heard by an independent arbitration panel.
Last updated: December 2024 • Version 1.0.0
Questions about these rules? Contact the Governance Committee at governance@aeternum.fund