Client agreement requirements mandate written contracts and certified disclosure documents before portfolio management begins.
Regulation 22 mandates a written Client Agreement before portfolio management begins, specifying investment objectives, services, contract terms, investment approach, limits, withdrawal and settlement procedures, fees, custody, accounting and reporting and liability provisions; co-investment terms must align with associated funds and certain relaxations may apply for specified clients. A certified Disclosure Document must be provided pre-contract and published online, disclosing fee structures, portfolio and approach specific risks, related party transactions and investments, conflicts of interest, diversification policy, performance metrics and audited financials; material changes and filings with the Board must be made within seven working days.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.