Chapter 5: Investor Money Facilities Agreement

1. The Investor Money Facilities Agreement (refer to Regulation 83 for detail of the agreement content) should be regarded as the master agreement obtained at the outset of the business relationship between the fund service provider and the third party. If such a relationship changes, the Investor Money Facilities Agreement may need to be reviewed and amended accordingly. Once the Investor Money Facilities Agreement is in place, the intention is that the terms of that agreement will apply to any collection account subsequently opened with that third party.
2. Where a fund service provider prints the Investor Money Facilities Agreement on its own headed paper and provides these agreements to the relevant third party for signature, the fund service provider should ensure that these agreements are signed and duly executed by individuals with the appropriate authority so that a legally binding agreement exists between the fund service provider and the third party.
3. The Agreement should be reviewed annually and may need to be amended in the event of any change in the relationship between a fund service provider and the relevant third party.

Issued: 4 July 2023

Last revision: 4 July 2023