CIS Information Circular 30, published on 12 July 2017, contains guidelines from the Registrar regarding the publishing and disclosure of CIS portfolio performance.
The Registrar has noted that some managers of Collective Schemes Investments are publishing and disclosing performance of a portfolio class or the highest fee class instead of the performance of the overall portfolio.
The Circular contains guidelines for the correct application of Paragraph 9(1)(a) and (c) of Board Notice 92 of 2014.
We only became aware of this circular via an email from the FSB’s news and updates service received on 23 August.
Click here to download a copy in case you also missed it.