Mutual fund risk disclosure requirement: advertisements must show prominent market risk warnings and benchmark comparisons. Mutual funds must include a clear market risk disclosure in advertisements with media specific prominence and legibility standards; sales and promotional materials (including fact sheets, research reports, newsletters, telemarketing scripts and press releases) are subject to the same standards. Performance advertisements must disclose benchmark returns for the same periods; money market scheme returns may be shown on short annualised horizons; exclusions of distribution taxes in reinvestment return calculations must be disclosed; dividend payout ads must note the consequent NAV reduction and taxes. Rankings must be current to the most recent quarter or applicable periodicity prior to publication or use.