CIR A1.4.1
A
(a) holding cheques to the order of a Fund's bank account, provided such cheques are securely held for a maximum of three business days prior to being deposited into the relevant Fund's bank account or returned to the drawer of the cheque; or
(b) where the Service Provider has control over bank accounts kept for the purposes of the Fund , the accounts must be conducted strictly in accordance with the Fund Manager's instructions and any agreed mandate with the bank.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]