This model discretionary investment management agreement (“IMA”) is a work product developed under the auspices of the Investment Management Association of Singapore (“IMAS”). The IMA provides a comprehensive framework that sets out the key terms and conditions governing the relationship between clients and investment managers under a discretionary mandate. It is designed to meet baseline regulatory requirements while incorporating explanatory notes and detailed provisions to facilitate its adoption. By introducing this Model IMA, IMAS seeks to enhance operational efficiency, promote best practices, and support the sustainable growth of the asset management sector in Singapore, particularly smaller fund management companies that face resource constraints.
The IMA is intended to serve as a starting point only and should be tailored to meet your specific legal and commercial requirements. No information provided in the IMA should be construed as legal or professional advice (including for any fact or scenario described in such document or any assumptions made in relation to such document). Additional documents may be required for your transaction. Neither IMAS nor any of the Legal Committee members of IMAS or contributors take any responsibility or legal liability arising from or in connection with the accuracy, reliability, currency or completeness of any material contained in this model discretionary investment management agreement. Potential users should carefully consider their circumstances and decide whether and how the IMA can be used or tailored to suit their situation and to seek legal, tax and other professional advice accordingly.
You may access the document here.
