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

ii. Hedged share classes

1. The Retail Investor AIF shall ensure that, prior to and during the course of providing currency hedging at class level, the valuation systems operated by the management company, AIFM, investment company or administration company is capable of processing and identifying the relevant hedge transactions at share class level. The Retail Investor AIF shall establish and maintain adequate systems that enable a review of the hedge to be undertaken in the light of on-going flows into and out of the share class.