Section 157: Duties of manager of a scheme.

(1) The manager of a scheme shall:
(a) avoid conflict between the interests of the manager and the interests of an investor;
(b) disclose the interests of its directors and management to the investor;
(c) maintain adequate financial resources to meet its commitments and to manage the risks to which its collective investment scheme is exposed;
(d) organise and control the scheme in a responsible manner;
(e) keep proper records;
(f) employ adequately trained staff and ensure that they are properly supervised;
(g) have well-defined compliance procedures; and
(h) promote investor education.