Article 21 9.

ensure that the sale, issue, re-purchase, redemption and cancellation of units or shares of the AIF are carried out in accordance with the applicable national law and the AIF rules or instruments of incorporation;

ensure that the value of the units or shares of the AIF is calculated in accordance with the applicable national law, the AIF rules or instruments of incorporation and the procedures laid down in Article 19;

carry out the instructions of the AIFM, unless they conflict with the applicable national law or the AIF rules or instruments of incorporation;

ensure that in transactions involving the AIF’s assets any consideration is remitted to the AIF within the usual time limits;

ensure that an AIF’s income is applied in accordance with the applicable national law and the AIF rules or instruments of incorporation.