2.2.4 Authorize Fund Rules Record

This topic provides the systematic instructions to authorize fund rules record.

An unauthorized Fund Rules Record must be authorized in the system for it to be processed. Authorize a record as follows:

1. Start the Fund Rules Summary screen from the Browser.
2. Select the status of the record that you want to retrieve for authorization. Typically, choose the Unauthorized option.
3. Specify any or all of the details and click Search button.
   All records with the specified details that are pending authorization are retrieved and displayed in the screen.
4. Double-click the record that you wish to authorize.
   The Fund Rules Detail screen is displayed.
5. Select Authorize operation from the Action List.
   When a checker authorizes a record, details of validation, if any, that were overridden by the maker of the record during the Save operation are displayed. If any of these overrides results in an error, the checker must reject the record.

   Note:

   You cannot edit or delete an authorized fund rule.

   You can map agents to a fund, set up backdating limits, and enter transaction prices for a fund only after you authorize it. Similarly, the tracking of limits, and acceptance of unit holder transactions into the fund can only take place after authorization.

   You cannot authorize a fund until you have maintained the following fund rules for it:

   • Fund Demographics
   • General Operating Rules
   • Shares Characteristics
   • Transaction Processing Rules
   • Fund Sale Country rule
   • Fund Restriction rule
   • Fund Transaction Currency rule

   The following fund rules are not mandatory for a fund, and it can be authorized without them:

   • Corporate Actions
   • Fund Price Currency
   • Fund Formula Maintenance
   • Fund Load Setup

   These fund rules may be maintained as and when necessary.