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New Disclosure Regulations for Collective Investment Schemes

Board Notice 92 of 2014 comes into effect on 1 May 2015. It contains new disclosure requirements for advertising and marketing material in respect of collective investment schemes.

It also places specific obligations on advisers and product providers in respect of disclosures to clients.

To assist you in understanding this better, please download the Relevant Board Notice published on the FSB website.

Allan Gray published a very succinct and to the point Practice Note which sets out their obligations, as well as yours. According to my source, this was the first notice he received on the matter, and he was duly impressed.

Allan Gray pointed out that this is their specific implementation and that others may deal with it differently. They also indicated that the Factsheets and General Investor Report may change after June.

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