What criteria does the independent review committee use to determine if a potential conflict of interest, such as interfund trading, should be approved?
A.
Will the action achieve a fair and reasonable result for the fund?
B.
Will the action contravene National Instrument 81-102?
C.
Will the action contravene a unitholder’s statutory rights?
Comprehensive and Detailed Explanation From Exact Extract:
The independent review committee approves actions involving conflicts of interest only if they achieve a fair and reasonable result for the fund. The feedback from the document states:
"The Independent Review Committee will only approve actions where a conflict of interest arises if certain requirements are met, including, most importantly, the action achieves a fair and reasonable result for the fund."
[Reference:Chapter 10 – The Modern Mutual FundLearning Domain:The Modern Mutual Fund, ]
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