Managers of qualifying venture capital funds shall, in relation to the qualifying venture capital funds they manage:
(a) act honestly, fairly and with due skill, care and diligence in conducting their activities;
(b) apply appropriate policies and procedures for preventing malpractices that can reasonably be expected to affect the interests of the investors and the qualifying portfolio undertakings;
(c) conduct their business activities in such a way as to promote the best interests of the qualifying venture capital funds they manage, the investors therein and the integrity of the market;
(d) apply a high level of diligence in the selection and ongoing monitoring of investments in qualifying portfolio undertakings;
(e) possess adequate knowledge and understanding of the qualifying portfolio undertakings in which they invest;
(f) treat their investors fairly. This shall not preclude more favourable treatment of private investors than of a public investor, provided that such treatment is
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