Obligations of Collective Investment Management Company

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....be responsible for managing the funds or properties of the ^1[collective investment scheme] on behalf of the unit holders; (b) take all reasonable steps and exercise due diligence to ensure that the ^2[collective investment scheme] is managed in accordance with the provisions of these regulations, offer document and the trust deed; (c) exercise due diligence and care in managing assets and f....

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....abide by the Code of Conduct as specified in the Third Schedule; (i) give receipts for all monies received by it and give a report to the Board every month, particularly of receipts and payments; (j) hold a meeting of the Board of Directors to consider the affairs of ^6[collective investment scheme] at least twice in every three months; (k) ensure that its officers or employees do not mak....