The Capital Markets (Collective Investment Schemes) Regulations

82. General contents

Edition: 2022-12-31 · In force

82. General contents

(1)Any advertisement or invitation or other promotional material to the public or a section of the public, which includes information on the trustee, shall be accompanied by the trustee's written consent.

(2)If a collective investment scheme is described as having been approved by the Authority it shall be stated that, in giving this approval, the Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard.

(3)Advertisements shall include a warning statement that—

(a)the price of shares, and the income therefrom if the collective investment scheme pays dividends may go down as well as up; and

(b)investors are reminded that in certain specified circumstances their right to redeem their shares may be suspended.

(4)Warning statements shall be written in such a manner as to be capable of being read with reasonable ease by anyone reading the advertisement.

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Source: Kenya Law