8.6. Contents of an administration agreement
An administration agreement with an Administrator in respect of a Fund must:
- (a) set out the functions and service standards that will be applied to the provision of the administration of the Fund; and
- (b) must not permit the delegation of the activities and functions of the Administrator without the prior written consent of the Fund Manager; and
- (c) require the Fund Administrator to retain any relevant work or records relating to its activities and functions where the contract is terminated either by the Fund Manager or the Administrator.