60. Acting as the Administrator of a Collective Investment Fund
Past version: effective from 20/10/2015 - 19/10/2015
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(1) Acting as the Administrator of a Collective Investment Fund is a specified kind of activity.
(2) Acting as the Administrator of a Collective Investment Fund means providing one or more of the following services in relation to a Collective Investment Fund —
(a) processing dealing instructions including subscriptions, redemptions, stock transfers and arranging settlements;
(b) valuing of assets and performing net asset value calculations;
(c) maintaining the share register and Unitholder registration details;
(d) performing anti-money laundering functions;
(e) undertaking transaction monitoring and reconciliation functions;
(f) performing administrative activities in relation to banking, Cash management, treasury and foreign exchange;
(g) producing financial statements, other than as the Collective Investment Fund's auditor; or
(h) communicating with participants, the Collective Investment Fund, the Collective Investment Fund manager, and investment managers, the prime brokers, the Regulator and any other parties in relation to the administration of the Collective Investment Fund.