+Article 12 2.

Article 12 2.

Professional liability risks as defined in paragraph 1 shall include, without being limited to, risks of:

(a) 

loss of documents evidencing title of assets of the AIF;

(b) 

misrepresentations or misleading statements made to the AIF or its investors;

(c) 

acts, errors or omissions resulting in a breach of:

(i) 

legal and regulatory obligations;

(ii) 

duty of skill and care towards the AIF and its investors;

(iii) 

fiduciary duties;

(iv) 

obligations of confidentiality;

(v) 

AIF rules or instruments of incorporation;

(vi) 

terms of appointment of the AIFM by the AIF;

(d) 

failure to establish, implement and maintain appropriate procedures to prevent dishonest, fraudulent or malicious acts;

(e) 

improperly carried out valuation of assets or calculation of unit/share prices;

(f) 

losses arising from business disruption, system failures, failure of transaction processing or process management.

1. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes