Regulatory Alerts2021-11-10
CIS.S.4.7 – Requirements with Respect to Trustees and Custodians of CIS
The regulator issues CIS.S.4.7 to mandate strict governance and operational standards for the trustees and custodians of collective investment schemes. The standard requires independent asset custody, active trustee oversight, and clear conflict-of-interest protocols to safeguard investor funds. Updated in October 2024, the framework clarifies compliance thresholds and reporting obligations to strengthen market integrity.
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