On flashcard 13, chapter 4 it says: "may be constrained by regulation, e.g. admissibility regulations". I don't understand what this is saying, for private equity there are no admissibility regulations... Any ideas?
I don't have the flash cards but all it probably means is that private equity, being more risky, may not be admissible as an asset for demonstrating solvency by e.g. insurers and pension funds.
