1. Can the look through approach be used to identify qualifying infrastructure projects and qualifying infrastructure corporates within an infrastructure fund? Those individual infrastructure investments that qualify will be allowed the benefit of a lower risk calibration in the standard formula. For example, in a diversified infrastructure fund, if 90% of the investments qualify under the criteria for qualifying infrastructure corporates; only those 90% of the investments will benefit from a lower calibration; whereas the remaining 10% will not.
2. Does the standard formula treatment depend upon whether an infrastructure investment fund is open-ended or close-ended?