Placement memorandum requirements: mandatory disclosures for venture capital funds including trustees, corpus, subscription, tax, fees, strategy. Regulation 17 requires the placement memorandum or subscription agreement for venture capital funds to disclose trustees or trustee company and directors or chief executives; the proposed fund corpus and minimum subscription thresholds with refund provisions; entitlements attached to units; tax implications; manner of subscription; fund maturity and winding up procedures; distribution of benefits to unit-holders; details of any fund manager or asset management company and fees; fund performance information; investment strategy; and any other information specified by the Board.