• Appointment of Fund Administrator/Trustee/Custodian

    • FUNDS 7.2.3

      An Authorised Fund Manager to whom this Chapter applies must:

      (a) ensure that there is appointed to the Fund an administrator or trustee before commencing the management of that Fund;
      (b) ensure that there is appointed to the Fund an Eligible Custodian before commencing the management of that Fund; and
      (c) procure access to the books and records relating to the Fund as required by the Regulator and any person providing the oversight functions of the Fund.

    • FUNDS 7.2.4

      The AML Rules apply to an Authorised Fund Manager of a Foreign Fund to the extent that  it carries on  the Regulated Activity of Acting as  the Manager of a Collective Investment  Fund  in  relation  to  such  Foreign  Fund as  if each  reference  in AML  to a  "customer"  is  a  reference to a "Unitholder" or "prospective Unitholder" as appropriate to the context.