Annex II Functions included in the activity of collective portfolio management:

Investment management.

Administration:

1. (a)

   legal and fund management accounting services;

2. (b)

   customer inquiries;

3. (c)

   valuation and pricing (including tax returns);

4. (d)

   regulatory compliance monitoring;

5. (e)

   maintenance of unit-holder register;

6. (f)

   distribution of income;

7. (g)

   unit issues and redemptions;

8. (h)

   contract settlements (including certificate dispatch);

9. (i)

   record keeping.

Marketing.