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Jul 11 2010 onwards

38. Systems and Controls Requirement



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(1) A Fund Manager of a Domestic Fund shall establish and maintain systems and controls including but not limited to financial and other risk controls to ensure sound management of the Fund:
(a) in accordance with the Fund's Constitution, its most recent Prospectus, this Law and the Rules made for the purposes of this Law; and
(b) taking account of the risks to which the Fund may be exposed, due to the nature, scale and complexity of the Fund's investments and operations.
(2) The DFSA may, by Rules, prescribe any additional requirements relating to systems and controls that must be established and implemented by the Fund Manager of certain types of, or specialist classes of, Domestic Funds.