Investment management agreement duties: management company obligations, trustee oversight, and trust property protected from manager losses. Investment management agreements require the Collective Investment Management Company to obtain trustee approval to float schemes, invest and manage funds in accordance with the Trust Deed, Offer Document and regulations, avoid asset acquisitions that create unlimited liability or encumber scheme property, refrain from prohibited lending or activities, secure trustee approval for investor communications, and submit quarterly reports. The trustee may demand information to ensure compliance and may remove the management company only on specified events with Board approval. Losses or expenses of the management company or its delegates shall not be met from trust property.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment management agreement duties: management company obligations, trustee oversight, and trust property protected from manager losses.
Investment management agreements require the Collective Investment Management Company to obtain trustee approval to float schemes, invest and manage funds in accordance with the Trust Deed, Offer Document and regulations, avoid asset acquisitions that create unlimited liability or encumber scheme property, refrain from prohibited lending or activities, secure trustee approval for investor communications, and submit quarterly reports. The trustee may demand information to ensure compliance and may remove the management company only on specified events with Board approval. Losses or expenses of the management company or its delegates shall not be met from trust property.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
