Rules of Conduct: General principles - Duty to act in the best interests of UCITS and their unit-holders
1. Management companies shall ensure that unit-holders of a managed UCITS are treated fairly. Management companies shall refrain from placing the interests of any group of unit-holders above the interests of any other group of unit-holders.
2. Management companies shall apply appropriate policies and procedures for preventing malpractices that might reasonably be expected to affect the stability and integrity of the market.
3. Management companies shall ensure that fair, correct and transparent pricing models and valuation systems are used for the UCITS they manage, in order to comply with the duty to act in the best interests of the unit-holders. Management companies must be able to demonstrate that the UCITS portfolios have been accurately valued.
4. Management companies shall act in such a way as to prevent undue costs being charged to the UCITS and its unit-hol
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