ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
13. Requirements of information memorandum
Edition: 2022-12-31 · In force
13. Requirements of information memorandum
(1)Every information memorandum of a collective investment scheme shall contain the information listed in the Fourth Schedule.(2)Application forms supplied to persons who are not holders shall be accompanied by the information memorandum but advertisements or investment plans containing an application form and all the information listed in the Fourth Schedule may also be used.(3)Where performance data or estimated yields are included in an information memorandum, advertisement or any other invitation to the public to invest in the collective investment scheme, the Authority may require justification of the calculations resulting in such performance data or estimated yields.(4)Forecast of a collective investment scheme's performance shall not be made in the information memorandum and the publication of a prospective yield shall not constitute a forecast of performance and a statement to the effect that the publication is that of a prospective yield and not a forecast of performance shall be made in the information memorandum, advertisement or any other invitation to the public.