CmaBylaw
Executive Bylaws
1-36 Investment Controller Of Module Five: Securities Activities and Registered Persons
Section: Chapter One: Securities Activities
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Sunday, 05 February 2017
An Investment Controller shall provide its services to investment Funds in accordance with Module Thirteen (Collective Investment Schemes) of these Bylaws. The Investment Controller shall comply with the following: 1. Ensure that the Fund Manager comply with the Law, Bylaws, decisions, instructions of the Authority, Articles of Association, Prospectus and any other documents issued by the Fund Manager. 2. Value shares or investments Units in accordance with the method stated in the Articles of Association of the Fund. 3. Ensure that the Fund Manager is performing his responsibilities for the interests of Unit holders in accordance with the Articles of Association of the Fund and the provision of these Bylaws and that the money is invested within the limits of prescribed methods and policies set in the scheme. 4. State any transactions that demonstrate a conflict of interest. 5. Meet at least twice a year with the Administrative Authority of the Fund to review the compliance of the Fund with the Law, Bylaws, decisions, instructions of the Authority, Articles of Association, Prospectus and any other documents issued by the Fund Manager. 6. Notify the Authority with any Violations committed by the Fund Manager.
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