المادة 8(c): Fund Management and Duties of the Fund Manager

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.