Mutual fund advertising standards were withdrawn, ending prescribed requirements for fair communications, risk warnings, and audiovisual disclosures. Schedule 5 containing the Advertisement Code for mutual funds under Regulation 28 was omitted. The omitted code required advertisements to be accurate, ... Summary
Mutual fund advertising standards were withdrawn, ending prescribed requirements for fair communications, risk warnings, and audiovisual disclosures.
Schedule 5 containing the Advertisement Code for mutual funds under Regulation 28 was omitted. The omitted code required advertisements to be accurate, fair, clear, complete and non-misleading, and prohibited deceptive claims, testimonials, rankings, exaggerated slogans, celebrity participation and unfair comparisons. Advertising information had to be consistent with scheme disclosures. A prescribed market-risk warning was mandatory without alteration, including in vernacular and audio-visual advertisements.
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