Mutual fund offer documents must disclose maximum group investments, prior exchange listing approvals, and prohibit false or misleading statements. Regulation 25 requires the offer document to disclose the maximum investments a scheme will make in listed securities of the sponsor's group companies and ... Summary
Mutual fund offer documents must disclose maximum group investments, prior exchange listing approvals, and prohibit false or misleading statements.
Regulation 25 requires the offer document to disclose the maximum investments a scheme will make in listed securities of the sponsor's group companies and to state the prior in-principle approval from the recognised stock exchange(s) where units are proposed to be listed; the Board may require modifications to the offer document, the offer document must not contain false or misleading statements, and it must include any other disclosures the Board specifies.
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