Obligations of Collective Investment Management Company require fiduciary management, due diligence, reporting and related party restrictions. The Collective Investment Management Company must manage funds and properties of the collective investment scheme for unit holders with due diligence and care, remain liable for acts or omissions of employees and service providers, ensure management conforms with regulations, the offer document and trust deed, comply with Board guidelines, and observe operational and governance duties including avoiding improper related party transactions, reporting such transactions, appointing transfer agents, maintaining records and reports, holding regular board meetings, following a Code of Conduct, obtaining insurance and implementing required employee investments.