Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'fund promoter'?

A. The party that provides investment guidance at a fee. Definition origin:EFAMA DD
B. The party that holds and safeguards holdings owned by a fund. It is also responsible for compliance of the portfolio with legal ratios etc.
C. The party that keeps accounting records of the available assets and liabilities of the Fund. It calculates dealing prices, the Net Asset Value (NAV) of the Fund, and may provide fund performance and tax data. Can be subcontracted by the FundAdministrator.
D. An entity that promotes a fund. May be an investor, pension fund, bank, insurance company or management company

Answer: An entity that promotes a fund. May be an investor, pension fund, bank, insurance company or management company