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    <description>The disclosure document requires firms to warn grantees that employee stock options entail concentration, leverage, illiquidity, and vesting and forfeiture risks, and to supply a business description, abridged audited financials, management risk factors, copies of member communications, and the scheme&#039;s salient features including vesting, exercise, corporate-action adjustments, and forfeiture; administrators giving advice must disclose concentration and other risks and follow an appropriate code of conduct.</description>
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