Section 154 Investments and Securities Act

Section 154 of the Investments and Securities Act 2025 is about Duties of managers of a scheme. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows:

The manager of a scheme shall —
(a) avoid conflict between the interests of the promoter or manager and the interests of an investor;
(b) disclose the interests of its directors, owners or management to the investor;

(c) maintain adequate financial resources to meet its commitments and to manage the risks to which schemes under its management are exposed;
(d) organise and control the scheme in a responsible manner;

(e) keep proper records;
(f) employ adequately trained staff and ensure that they are properly supervised;

(g) have well-defined compliance procedures; and
(h) promote investor education.