Article 13: Conflicts of Interest

Article 13: Conflicts of Interest

a. Without prejudice to Paragraphs (b), (c), and (d) of this Article, the fund manager must treat any conflicts of interest in accordance with the provisions of the Capital Market Institutions Regulations.

b. If the fund manager (or the fund sub-manager) does not carry out a prior (where possible) or immediate disclosure of the conflict of interest to the relevant fund board, and obtain the fund board’s approval on that action, the fund manager or the fund sub-manager may not engage in any action that involves:

1) A material conflict between the interests of the fund manager or fund sub-manager and the interests of any investment fund it manages; or

2) A conflict between the interests of any investment fund it manages and another investment fund or another client account.

c. The fund manager (and fund sub-manager), must ensure their affiliates do not engage in any action that involves any conflict of interest as described in Paragraph (b) of this Article.

d. The fund manager of a public investment must disclose immediately, on its website and the Exchange’s website or any other website available to the public according to the controls set out by the Authority (where applicable), and on the public fund's annual reports that has been prepared by the fund manager in accordance to Article (78 ) of these Regulations.