A Collective Investment Scheme Manager shall comply with the rules set out in Module Thirteen (Collective Investment Schemes) of these Bylaws. It shall: 1. Be licensed by the Authority to carry on Collective Investment Scheme Manager’s activity. 2. Manage the Collective Investment Scheme by achieving its investment goals in accordance with the articles of association or contract. 3. Apply adequate policies and procedures to prevent unfair practices that may impact the stability and integrity of the market. 4. Not expose any Collective Investment Scheme to any unnecessary investment risks and shall act in accordance with the purposes of the scheme and its investment policy. 5. Notify the Authority immediately of any developments in the Collective Investment Scheme that may adversely affect the interests of the Unit holders.