AMC

Question 1

reimbursement

Answer 1

Bồi hoàn

Question 2

disbursement

Answer 2

giải ngân

Question 3

the period of report under AMC

Answer 3

at least quarterly, and when possible, within 30 days of the end of the period

Question 4

6 provisions (điều khoản) of AMC

Answer 4

A. Loyalty to clients
B. Investment process and actions
C. Trading
D. Risk management, compliance and support (Focus)
E. Performance and valuation
F. Disclosures (Focus)

Question 5

What AMC required about the compliance

Answer 5

(1) Develop and maintain (a) policies and (b) procedures to ensure compliance with
(2) Appoint a compliance officer responsible for

Question 6

arcording AMC, what a compliance officer responsible for ?

Answer 6

(1) administering the policies and procedures
(2) investigating complaints regarding the conduct of the manager or its personnel

Question 7

requirement about compliance officer arcoring AMC

Answer 7

(1) qualities: competent (toàn diện); knowledgable (hiểu biết); credible (đáng tin cậy); is empowered to carry out his/her duties (được trao quyền)
(2) should take steps to implement employee training and conduct continuing
(3) should be charged with reviewing firm and employee transactions to ensure the priority of client interests

Question 8

how to establish compliance offfice arcoding AMC

Answer 8

depending on the size and complexity of the manager’s operations:
(1) may designate an existing employee to also serve as the compliance officer
(2) may hire a separate individual for that role
(3) may establish an entire compliance department

Question 9

the report and independent of compliance officer arcoding AMC

Answer 9

(1) should be independent from the investment and operations personnel
(2) should be report directly to the CEO or BOD

Question 10

arcoding AMC, how arquired portfolio info provide to clients

Answer 10

(1) ensure the info is accurate and complete
(2) arrange for independent third-party confirmation or review of such info

Question 11

arcoding AMC, about BCP, what is minimum requirement ?

Answer 11

(1) adequate backup, preferably off-site, for all account info
(2) alternative plans for monitoring, analyzing and trading investments
(3) plans for communicating with critical vendors and suppliers
(4) plans for employee communication and coverage
of critical business functions
(5) plans for contacting and communicating with clients during a period of extended disruption (Eg: hệ thống VPS lỗi -> phải có email thông báo và xin lỗi KH)

Question 12

arcoding AMC, how about performance presentation of hypothetical/ back-tested performance ?

Answer 12

Hypothetical or back-tested performance must be clearly identified

Question 13

what type of price must use to value client holdings arcoding AMC ?

Answer 13

+ fair - market price
+ Apply methods to determine the fair value of any securities in the event of no available independent, third-party market quotation
+ Use independent third-party may overcome conflicts of interest

Question 14

arcoding AMC, The investment process, including info regarding

Answer 14

(1) lock-up periods
(2) strategies
(3) risk factors
(4) use of derivatives and leverage

Question 15

how about the return must be diclosed arcoding AMC

Answer 15

at a minimum, manager should provide clients
(1) gross and net-of-fees returns
(2) disclose any unusual expenses

Question 16

arcoding AMC, how about soft commission (soft dollar) ?

Answer 16

disclose:
(1) Amount of any soft or bundled commission
(2) the goods and/or services received in return
(3) how those goods and/or services benefit the client