1. Management companies shall comply with the following requirements:
(a) establish, implement and maintain decision-making procedures and an organisational structure which clearly and in a documented manner specifies reporting lines and allocates functions and responsibilities;
(b) ensure that their relevant persons are aware of the procedures which must be followed for the proper discharge of their responsibilities;
(c) establish, implement and maintain adequate internal control mechanisms designed to secure compliance with decisions and procedures at all levels of the management company;
(d) establish, implement and maintain effective internal reporting and communication of information at all relevant levels of the management company as well as effective information flows with any third party involved; and
(e) maintain adequate and orderly records of their business and internal organisation.
2. Management companies shall take into account the nature, scale and comp
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