FUNDS 9.4.1 FUNDS 9.4.1(1) The Prospectus must not contain any provision which is unfairly prejudicial to the interests of Unitholders generally or to the Unitholders of any class of Units.(2) For the purposes of the information that must be included in a Prospectus pursuant to Rule 9.3 above:(a) such information must be material information; and(b) information is material if it is either:(i) within the knowledge of the Directors or partners of the Fund Manager or(ii) information which such Directors or partners ought reasonably have obtained by making reasonable enquiries.(3) The Prospectus must be available in the English language.(4) The expiry date of a Prospectus must be no later than 12 months after the date of the Prospectus.
In conducting inquiries relating to the obligations under (2), a Fund Manager of a Public Fund must give particular regard to the information which would be required and expected by a Retail Client in order to make an informed decision about the merits of investing and the extent and characteristics of risk.
Amended on (3 February, 2020).