Trustee obligations require oversight of management, safeguarding scheme assets and reporting non compliance to regulator quarterly. Trustees must actively oversee collective investment schemes: inspect books, obtain necessary information, ensure the management company has required infrastructure, qualified personnel, auditors, a compliance officer, registrars, a compliance manual and insurance, avoid undue advantages to associates, operate schemes per the trust deed and offer document, restrict activities to scheme management, maintain minimum net worth, and monitor marketing agents; take immediate remedial action and inform the Board on non compliance; act as custodian of scheme funds, compute income distribution, convene unit holder meetings when required, review activities quarterly, and furnish quarterly reports and certificates to the Board.