Article 8(c): Fund Management and Duties of the Fund Manager
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
c. The fund manager’s responsibilities shall include:
1) Fund management, and offering of fund units.
2) Ensuring the accuracy of the Fund’s Terms and Conditions and all disclosures by the fund, and verify that they are complete, clear, accurate, and not misleading.
3) Valuing the fund’s assets, as well as pricing and dealing in the units of the fund in accordance with a clear policy.
4) Developing policies and procedures that detect risks effecting the fund's investments and ensure treatment of these risks as soon as possible. These policies and procedures must include conducting risks assessment, at least, once a year.
5) Implementing a compliance monitoring program for every fund under its management. The fund manager must provide the Authority with the results of the implementation of the program upon its request.
6) Cooperating with all persons concerned with the performance of tasks for the fund, including the custodian (where applicable) and the auditor, and the fund manager must provide them with whatever necessary to perform their duties and tasks.
7) Documenting all amendments to the Fund’s Terms and Conditions.
8) Complying with the provisions of Annex (3) of these Instructions when notifying the Authority.
Text read on · c631bf9247d7
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Instructions of Simplified Investment Funds (English)Edition current
- Last read
- first read
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