Asset management companies must meet governance, disclosure and unitholder protections before and after change of control. Regulation 17 conditions approval of an asset management company on ongoing governance and disclosure obligations: prohibition on simultaneous directorships in multiple AMCs with a narrowly defined exception for certain independent directors and mandatory trustee approval for director appointments; continuous compliance commitments, prompt Board notification of material changes, and provision of information to trustees. Change in control requires trustee and Board approval, written notice to unitholders, website publication of Board-specified details, and an unitholder exit option at prevailing Net Asset Value without exit load.