Conditions - Annexure G

Risk Assessment: Every entity faces a variety of risks from external and internal sources that must be assessed. Risk assessment is the identification and analysisof relevant risks and their impact on the achievement of the company’s objectives. Management must form a basis for determining how risk should be managed.Because economic, industry, regulatory, and operating conditions will continue to change, management will need to employ mechanisms that enable management toidentify and address the special risks that result from such change.Objective Key control activities AdministratorKey ControlsAuditProceduresFindings andexceptionsnotedExplanationformmanagementin respect ofexceptionsSafeguarding of assets16(d)16(a)Management of the administrator hasestablished risk identification practices inplace which include mechanisms toanticipate, identify, analyze, evaluate,manage and mitigate the risksassociated with safeguarding of assetswhich is communicated and reinforced.Management has ensured that duties aresegregated and that there are frequentreconciliationsWhere the administrator fulfils the duty ofsafe custody of assets, the administratorhas policies and procedures to complywith conditions 15 and 16 of theConditions10