Unit Trusts (Mutual Funds) in Nigeria are regulated by the Securities & Exchange Commission (SEC). Thus, the ARM Money Market Fund is registered with, and regulated by SEC. The interest of Investors in the Fund is further protected by the Trustee (First Trustees Nigeria Limited), who supervises the activities of the Fund Manager. In addition to the above, an independent Custodian (Citibank Nigeria Limited) will hold and safeguard the assets of the Fund. This structure creates control in the management of the Fund.