Past version: effective from 21/10/2015 - 20/10/2015
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(1) The Fund Manager and, if it is a Fund structured as an Investment Trust, the Trustee, must take reasonable steps to ensure that in any dealing in relation to the Fund Property such dealings do not give rise to a conflict of interest.
(2) Where a conflict of interest arises, whether in dealings with Affected Persons or otherwise, the Fund Manager and, if appointed, the Trustee, must disclose to the Unitholders the nature of the conflict and how the conflict will be managed.
(3) In the situation where a Fund Manager has placed a Person on the board of an Undertaking in which it is investing, it must take reasonable steps to ensure that it manages conflicts and follows good corporate governance.