Third-party fund management disclosures require prominent placement memorandum details on responsibilities, conflicts, mitigation measures, and third-party business controllers. Third-party fund management services for Restricted Schemes require the Fund Management Entity, in addition to regulation 36 disclosures, to include a ... Summary
Third-party fund management disclosures require prominent placement memorandum details on responsibilities, conflicts, mitigation measures, and third-party business controllers.
Third-party fund management services for Restricted Schemes require the Fund Management Entity, in addition to regulation 36 disclosures, to include a separate prominent section in the placement memorandum. The section must identify the third party and persons effectively conducting its business, set out segregated responsibilities of the Fund Management Entity and third party, and disclose potential conflicts with proposed avoidance, resolution and mitigation measures. Further disclosures may be specified by the Authority.
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