Fund management conduct obligations require diligent investing, investor disclosures, asset segregation, conflict controls, and accountable compliance oversight. FMEs must conduct scheme investment activities with due diligence, maintain segregated and ring-fenced scheme assets and accounts, provide accurate and ... Summary
Fund management conduct obligations require diligent investing, investor disclosures, asset segregation, conflict controls, and accountable compliance oversight.
FMEs must conduct scheme investment activities with due diligence, maintain segregated and ring-fenced scheme assets and accounts, provide accurate and timely investor information, comply with AML/CFT norms, and compensate for unfair treatment arising from inappropriate valuation. Fiduciaries must oversee investor-focused investments, arm's-length operations, operational readiness, associate transactions, net worth and protection of fund property. Principal Officers, Fund Managers and compliance officers must secure compliance, manage conflicts, address investor grievances and report non-compliance. Portfolio managers must protect client interests, provide accurate risk disclosures and avoid conflicted proprietary trading.
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