ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
14. Revision of information memorandum
Edition: 2022-12-31 · In force
14. Revision of information memorandum
(1)An information memorandum shall be—(a)reviewed and revised at least once in every six months to take account of any change or new matter, other than a matter which reasonably appears to the fund manager to be insignificant;(b)revised immediately upon the occurrence of any material change in the matters stated therein or upon the occurrence of any new material information which ought to be disclosed therein.(2)A revision of the information memorandum may take the form of a complete substitution of the previous information memorandum or a supplement to the information memorandum and the date of the revision shall be prominently displayed.(3)Any amendments to the information memorandum shall require the prior approval of the Authority.