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

v. Efficient portfolio management

1. The Retail Investor AIF shall specify, in its prospectus, the techniques and instruments that it will utilise for efficient portfolio management purposes. The use of these techniques and instruments must be in line with the best interests of the Retail Investor AIF.

2. The Retail Investor AIF shall disclose in its prospectus the policy regarding direct and indirect operational costs/fees arising from efficient portfolio management techniques that may be deducted from the revenue delivered to the Retail Investor AIF. These costs and fees should not include hidden revenue. The Retail Investor AIF shall disclose the identity of the entity(ies) to which the direct and indirect costs and fees are paid and indicate if these are related parties to the management company, AIFM or the depositary.