Version date: 14 March 2018 - onwards
  Version 9 of 9    

vi. Constitutional documents

1. The Retail Investor AIF shall, at all times, comply with its constitutional document.

2. The Retail Investor AIF shall entrust its assets to a depositary for safe keeping and this must be expressly specified in its constitutional document.

3. The Retail Investor AIF shall, in the trust deed, deed of constitution or partnership agreement prescribe the remuneration and the expenditure which the management company or general partner and depositary are empowered to charge to a unit trust, common contractual fund or investment limited partnership and the method of calculation of such remuneration; and, the costs to be borne by the unit trust, common contractual fund or investment limited partnership.

The Retail Investor AIF shall, in the articles of association or instrument of incorporation, prescribe the nature of the costs to be borne by the investment company.

4. The Retail Investor AIF shall specify, in its constitutional document, the maximum charge relating to the redemption or re