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of <h1>Mutual Fund Lite Firm Barred from Trustee Role, Limited to Passive Investment Advisory; Conflict Disclosure Required</h1> The mutual fund lite asset management company is prohibited from acting as a trustee for any mutual fund lite and can only engage in advisory services related to passive investments. These activities can be conducted directly or through subsidiaries, provided there is no material conflict of interest. Any potential conflicts must be disclosed to trustees and unit holders, and unavoidable conflicts require transparency about their sources and risks. Key personnel involved in these activities must remain independent, with no direct link between their compensation and the revenue from these activities.
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