Secondary market
A - Minimum compliance
The Manager should disclose whether or not units can be traded on the secondary market and, if so, whether the Manager can facilitate such trades.
B - Best practice
Details of any secondary market dealing in the fund’s units should include:
- Details of any firm acting as broker of secondary market trades in the units.
- Commission payable on dealing where the manager acts as a broker.
- Where the manager acts as a broker:
- The system used to match units
- The process for allocation of units to investors.