Regulatory & Compliance Risk
Due to the nature of CMT’s business, CMT is required to comply with the relevant legislation and
regulations that include the Listing Manual of the Singapore Exchange Securities Trading Limited, the
Code on Collective Investment Schemes issued by the Monetary Authority of Singapore and the tax
rulings issued by the Inland Revenue Authority of Singapore on the taxation of CMT and its
Unitholders. Thus, any changes in these legislation and regulations may affect CMT’s business,
results or operations. The Manager has established relevant policies and procedures to ensure
CMT’s compliance with applicable legislation and regulations. For instance, the Manager enhanced
its existing policy and procedures to comply with the Personal Data Protection Act 2012 in Singapore.
In addition, any legal, arbitration, administrative or other proceedings against CMT that may arise
from time to time in the course of its business may result in additional costs, delays in its projects or
financial losses. The Manager manages such risk through identification and active monitoring of
potential issues, and the effective use of its external legal advisers where appropriate.
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