S.L. 370.34 Art. 10Appointment of MoneyLaundering Reporting Officer.

(1) The governing body of the Notified AIF, in agreement with the AIFM shall appoint a money laundering reporting officer to carry out the money laundering reporting function in relation to the

Notified AIF.

(2) The governing body of the Notified AIF may delegate the money laundering reporting function to the fund administrator of the Notified AIF. In such cases, the fund administrator shall be responsible for fulfilling the reporting obligations of the Notified AIF: Provided that where the AIFM has delegated the money laundering function in accordance with this sub-regulation, the administrator of the Notified AIF shall be required to confirm to the AIFM and the governing body of the AIF that the record-keeping, reporting, ongoing monitoring, risk management and any other measure being conducted by the administrator comply with the requirements prescribed in the Prevention of Money Laundering and Funding of Terrorism Regulations and the Implementing Procedures issued thereunder.

(3) For the better carrying out of the provisions of these regulations, the competent authority may issue and publish Investment Services Rules laying down the obligations of the Notified AIF and the AIFM pursuant to the Prevention of Money

Laundering and Funding of Terrorism Regulations and the Implementing Procedures issued thereunder.