• FUNDS 17.1.4 FUNDS 17.1.4

    (1) A Fund Administrator of:
    (a) a Domestic Fund; and
    (b) a Foreign Fund managed by an Authorised Fund Manager,
    for which it is carrying out the Regulated Activity of Acting as the Administrator of a Collective Investment Fund must have a Delegation Agreement that meets the requirements in APP 1 with the Fund Manager or Trustee of the Fund.
    (2) Paragraph (1) does not apply to a Fund Administrator of a Qualified Investor Fund.

    • Guidance

      Rule 12.12 governs the delegation of activities by a Fund Manager or, where appointed, the Trustee.