The Capital Markets (Alternative Investment Funds) Regulations

15. General obligations

Edition: 2023-12-15 · In force

15. General obligations

(1)A fund manager shall—

(a)develop and review policies and procedures and their implementation on a regular basis or as a result of business developments to ensure their continued appropriateness;

(b)appoint a custodian licensed by the Authority for the safekeeping of the assets of the scheme;

(c)ensure that the fund complies with its duties and obligations under the Act and these Regulations;

(d)address all participants complaints;

(e)provide the Authority with any information it may require.

(2)The fund manager may engage such technical experts as are reasonably required for the purposes of the fund and pay for the same out of the resources of the fund.

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Source: Kenya Law