Article 10: Books and Records Keeping

Article 10: Books and Records Keeping

a. The fund manager must maintain the books and records of all investment funds, which the fund manager manages. In addition, the fund operator must maintain the books and records related to the operation of all the funds it operates.

b. The fund operator must maintain -at all times- records of all units issued and cancelled, and must maintain an up to date record of the balance of outstanding units for each fund under its operation.

c. Without prejudice to Paragraph (b) of this Article, the fund manager and fund operator must maintain all books and records in accordance with these Regulations for a period of (10) years unless the Authority determines otherwise. The fund manager and fund operator must maintain copies of all books and records required pursuant to this Article for a longer period in the event such books and records relate to any litigation or claim (including any pending or threatened litigation) or any on-going investigations procedures, the fund manager and fund operator must maintain such books and records until the closure of that litigation, claim or on-going investigation procedures.