The Trustee must -
(a) ensure that the sale, issue, repurchase, redemption and cancellation of shares effected by or on behalf of a company are carried out in accordance with these Regulations and with the company's memorandum and articles;
(b) ensure that in transactions involving a company's assets any consideration is remitted to it within the usual time limits;
(c) ensure that a company's income is applied in accordance with these Regulations and with its memorandum and articles; and
(d) enquire into the conduct of the investment company in each annual accounting period and report thereon to the shareholders. The trustee's report shall be delivered to the investment company in good time to enable it to include a copy of the report in the Annual Report to the shareholders required under Regulation 77. The report shall state whether in the trustee's opinion the investment company has been managed in that period -
(i) in accordance with the limitations imposed on the investment a