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Duty to be prudent, etc
Banks And Financial Institutions (Unit Trusts) Regulations, reg. 8 · Revised Edition 2020
(1) Funds shall be operated in a prudent manner, and in any event in such a manner as to pose minimal risk to the safety and soundness of investments comprising the funds.
(2) Financial institutions shall ensure that they receive the best possible investment advice based on the most up-to-date and accurate information and forecasts of market conditions,
especially in respect of any portion of the portfolio invested abroad.
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