(1) A Fund Manager
(a) ensure that at each valuation point there are at least as many Units in issue of any class as there are Units registered to Unitholders of that class; and
(b) not do, or omit to do, anything that is or is reasonably likely to confer on itself a benefit or advantage at the expense of a Unitholder or prospective Unitholder.
(3) If the Fund
is structured as an Investment Trust
(a) the Fund Manager must notify the Trustee of the matters specified in (2);
(b) the Trustee
(i) take reasonable steps to ensure that the Fund Manager complies with the matters specified in (1) and (2); and
(ii) provide any other notification required under these Rules.