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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2021 - onwards
  Version 2 of 2    

22. Appointment of investment managers and custodians.

Repealed from 31 December 2021

(1) The Commission may, from time to time, appoint such persons ("investment managers") to invest and manage such portions of the Fund as the Commission deems appropriate on such terms and conditions as the Commission deems appropriate, including the following -

(a) the investment mandate to be given to the investment manager, including discretionary powers for the investment manager,

(b) an indemnity to the investment manager with respect to any depreciation or loss in assets under his or her control save for wilful default, fraud or negligence by the investment manager,

(c) the appointment by the investment manager of agents to act for it in the performance of its duties and functions, subject to the consent of the Commission in the case of investment decisions,

(d) the exercise of voting rights by the investment manager on behalf of the Fund,

(e) general reporting arrangements, and

(f) management fee, commission and other expenses payable to the investment manager.

(2) Notwiths

Comparing proposed amendment...