An application by a manager to establish an incubator portfolio must be made in accordance with the provisions of section 42 read with section 98 of the Act, and be accompanied by—
| (a) | A business plan including the following:— |
| (i) | the projected size of the portfolio over a five-year period; |
| (ii) | an indication of where assets will be sourced; |
| (iii) | a description of any possible area of conflict of interest, and the actions to be taken in circumstances of a conflict of interest; |
| (iv) | a description of the marketing and distribution strategies; and |
| (v) | a description of systems and resources to be used, and |
| (b) | An agreement contemplated in paragraph 6 of this Notice. |
