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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 May 2014 - onwards
  Version 2 of 2    

Regulation 13 General principles.

(1) An AIFM shall at all times:

(a) act honestly, with due skill, care and diligence and fairly in conducting its activities;

(b) act in the best interests of each AIF or the investors of each AIF it manages and the integrity of the market;

(c) have and employ effectively the resources and procedures that are necessary for the proper performance of its business activities;

(d) take all reasonable steps to avoid conflicts of interest and, when they cannot be avoided, to identify, manage, monitor and, where applicable, disclose those conflicts of interest in order to prevent them from adversely affecting the interests of each AIF and its investors and to ensure that each AIF it manages is fairly treated;

(e) comply with all regulatory requirements applicable to the conduct of its business activities so as to promote the best interests of each AIF or the investors of each AIF it manages and the integrity of the market;

(f) treat all AIF investors fairly.

No investor in an AIF shall obtain

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