group of persons who authorized a management company to manage a private fund; “Liquid asset” means assets as follow: (a) Cash or deposit money; (b) Certificate of deposit or promissory notes issued by a

operating system of management company shall comprise of 4 chapters as follow: Chapter 1 Organisational structure of the company 1.1 Segregation of work units and responsibilities 1.2 Roles and

to the Approval of Foreign Auditor. In this regard, there shall not be reasonable grounds to suspect an audit oversight authority under sub clause (b) of Paragraph 1 about its inability to provide an