To determine whether a Deposit or Debenture is of high quality for the purposes of CIR Rule 13.8.1(2)(a), a Fund Manager of a Money Market Fund must carry out due diligence to an adequate standard on the Deposit or Debenture, taking into account the following factors:
(a) the credit quality of the Issuer, and any guarantor, of the Investment;
(b) the nature and quality of the asset class represented by the Investment;
(c) the liquidity of the Investment; and
(d) any other risks associated with the Investment or the market in which it is traded.
(Made 9th December 2015). [VER19/02-16]