tailieunhanh - HIGHLIGHTS OF THE AUTHORISATION REQUIREMENTS FOR FUND DISTRIBUTION IN HONG KONG

The Manager is responsible for the day-to-day management of the Fund and its investment portfolio in compliance with the Fund’s constating documents. The Manager monitors and evaluates the performance of the Fund, pays for the investment management services of the investment advisors and provides all related administrative services required by the Fund. As compensation for its services the Manager is entitled to receive a fee payable monthly, calculated at the maximum annual rates included in Note 8(d) | Highlights of the Authorisation Requirements for Fund Distribution in Hong Kong Updated as of January 2012 pwc Table of Content 1. Regulatory Framework 2. Authorisation Process 3. Hong Kong Offering Document 4. Considerations for Overseas Schemes 5. Fees for Authorisation PwC February 2012 2 1. Regulatory Framework Under the Hong Kong regulatory regime collective investment schemes which are marketed or distributed to the Hong Kong public are subject to the authorisation of the Securities and Futures Commission the SFC . PwC February 2012

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