outsource such function to a service provider who is a securities company in the category of private fund management and in case the outsourced function is related to derivatives investment, the service
accordance with the following rules: (a) the investment function shall be outsourced to a securities company in the category of private fund management or a derivatives intermediary in the category of
fund, the intermediary shall proceed in accordance with the following rules: (a) the investment function shall be outsourced to a securities company in the category of private fund management or a
shall not be applicable to the following assets or persons: (1) assets of a client which is a mutual fund, private fund or any other similar fund under management of a securities company in its position
. Clause 24 In case a securities company licensed to undertake securities business in the category of mutual fund management or private fund management wishes to enter into a conflict of interest transaction